In a panel discussion at a retail event in Mumbai, experts from major restaurant brands in the country spoke of what they thought were the growth stimulants and challenges for the industry.
In one of the panel discussions on the first day of the Asia Retail Congress 2011 held in Mumbai, experts discussed the stimulants and challenges for growth in the restaurant industry.
The panel comprised of Samir Kuckreja, chief executive officer, Nirula's, K Ramakrishnan, president, marketing, Cafe Coffee Day (CCD), Sanjay Coutinho, chief executive officer, Barista Lavazza, Gaurav Ahuja, chief operating officer, Red Ginger Hospitality India, and Kapil Malhotra, managing director, Total Solutions Incorporated.
Kuckreja, who chaired the session, opened the discussion by presenting certain facts about the restaurant industry in India.
He stated that the Indian restaurant industry worth Rs 43, 000 crore is growing at the rate of 5-6 per cent annually, although the majority of these restaurants fall in the unorganised segment which comprises 84 per cent, as of 2010. Read More