The two-day Indian Franchising and Retailing Summit 2007-08, jointly organised by Franchising Association of India and Franchise Plus, got underway in Mumbai on November 30. The Summit highlighted the role of brands in furthering franchise and retail.
Addressing the Summit, Anurag Batra, Managing Director and Editor-in-Chief, exchange4media, said, “I see a lot of entrepreneurship booming today. So, while we do create a strong sense of franchising, the question that has always emerged in my mind is, are we creating a selfless wealth or just going beyond that? By focussing on this point, we can adopt franchising in a successful way.”
Day one of the Summit saw discussions on several important issues such as ‘Franchising – Future of Retailing in India’, ‘Structured Expansion through Franchising’, ‘Modern Retail Formats and Real Estate’, ‘Mentoring Retailers’, ‘Franchisees and Licencees’ and ‘Success Factors for Franchising’.
Some of the eminent speakers included Amit Jatia, MD (Western Region), McDonalds India; Pramod Khera, CEO, Aptech; Yogesh Samat, COO, Foresight Vision Care Co; Swati Popat, MD, Jumbo Kids; Gulraj S Shahpuri, Director-EducationOne. Most of the speakers highlighted factors influencing the growth of retail, its boom, new strategies and business opportunities for new entrants, as well as pitfalls to be avoided.
Peter Forby, the Australian Trade Commisioner, was the Guest of Honour at the Summit.
Meanwhile, India Franchise Retail Expo (IFRE 2007-08), the country’s biggest and the most recognised event for new business opportunities, also got underway on November 30 alongside the Summit. This year the exhibition will be held in Mumbai, Bangalore, Kolkata and New Delhi.