FIHL to launch biz exchanges

Franchise India Holdings Ltd (FIHL) would soon launch the first business exchange in Chandigarh.

The business exchange, to be launched in the next 10 days, aims to help companies in the region find the right solution for business-related problems.

Gaurav Marya, president, FIHL, revealed he plans to set up 25 such business exchanges across the country in coming years.

“The business exchange would not only help companies address strategic issues related to acquisitions but also could help them offer financial advice.

The demand for business exchanges is quite huge in the market and still unmet. We are looking at handling 200 business quarters in the first year, which would be a mix of fresh business as well as offering franchising options to budding entrepreneurs,” Marya added.

He was here to participate in the franchise show organised jointly by FIHL and Indian Franchise Association.

Marya said franchising is estimated to be a Rs 68,000-crore industry, growing at an annual rate of 35 per cent and was likely to be boosted with government policies favouring franchise tie-ups globally.

Franchising is the most dependable model for the budding entrepreneurs since it provides complete brand support through a standardised process with consistent quality of products and services, Marya noted.

He added, over 75 leading brands across various industry segments are offering a spectrum of opportunities in franchising, retailing, licensing, real estate and retail supply from various industry- verticals including food and beverages, fashion and lifestyle, luxury, health, beauty and fitness, education, entertainment, travel and retail services.

FIHL is one of Asia’s largest integrated franchise and retail solution provider since 1999. Franchise India is an authority on franchising, licensing, retail, real estate and marketing having helped numerous investors in the country to become entrepreneurs.