Franchise India ties up with US-based FrancorpDecember 2nd, 2008 - 5:32 pm ICT by IANS
New Delhi, Dec 2 (IANS) City-based Franchise India Holdings Ltd Tuesday announced it has entered into a partnership agreement with the global franchise consultant major Francorp Inc of the US to attract more companies to India through the franchise model.Announcing the licensing agreement here, Franchise India president Gaurav Marya said: “We are in talks with a number of international brands” to bring them to Indian market.
The new partnership company will be called Francorp India and will open four offices in Delhi, Mumbai, Chennai and Chandigarh.
“There are a lot of companies in the services sector that are actively looking at India to set up their franchise operations,” Francorp International president M.F.M. Ramon Vijay said.
Talking about the growing popularity of franchise model among Indian business men, Marya said: “Earlier people used to park their funds either in the stock markets or buy real estate to get a decent 30 percent return. Now because of the economic slump, these avenues won’t get them such high returns and people are now looking at less risky ventures to invest. Franchise is such a business.”