With the franchise format of stores gaining popularity among retailers, owing to low capital requirement, franchise outlets are on a hiring spree.
Under the model, the retailer lends brand name, while the franchise holder makes the capital investments.
The total number of people currently employed in the segment is estimated at 9.5 lakh, according to a FICCI-CIFTI (Confederation of Indian Food Trade and Industry) Franchising India report. The report adds that the Indian franchising sector is growing at 38% with a market size of $7.2 billion and is expected to reach $20 billion by 2013. More.
