Lemon Tree Hotels Ltd. to enter Mumbai with its Upper Midscale Brand

(In Pic.) :Mr Patanjali Keswani CMD Lemon Tree Hotel – Photo By Sachin Murdeshwar / HPN

Lemon Tree Premier-Mumbai International Airport will offer 303 plush rooms & suites, innovative dining options and chic interiors

Mumbai, June 27, 2019 (HPN) : Lemon Tree Hotels Ltd., held an exclusive preview of Lemon Tree Premier-Mumbai International Airport, to showcase their new hotel which will launch in the city shortly. This will be the second city in Maharashtra, after Pune, with a Lemon Tree Premier and the third city in Maharashtra, after Aurangabad and Pune where the group will operate. Once this hotel will open, Lemon Tree will run ~5800 rooms in 57 hotels across 34 cities, making it India’s largest hotel chain in the mid-priced hotel sector[1].

Strategically located in Mumbai’s business hub of Andheri East, this new age hotel will aim to target both, business and leisure travellers as well as the local corporate segment in India’s business capital. Located on Andheri Kurla Road, the hotel is in close proximity to key hubs like SEEPZ, Bombay Exhibition Center, Maharashtra Industrial Development Corporation (MIDC) and is not far from Juhu Beach.

Commenting on the exclusive preview launch of this elegant property, Patanjali Keswani, Chairman & Managing Director said, “We are happy to hold an exclusive preview of our upcoming hotel, Lemon Tree Premier-Mumbai International Airport. Mumbai is a key market for us and a prominent destination both for business and leisure travellers. The hotel is strategically located near Chhatrapati Shivaji International Airport and in the midst of one of Mumbai’s commercial/industrial hubs. With this hotel, we will also showcase a new design style of our upper midscale brand – Lemon Tree Premier, which blends nostalgia with chic interiors and modern amenities. Our customers can look forward to a refreshing stay at this stylish hotel.”

The hotel is dressed in neutral hues and vintage styled art, which is accentuated by classic leather sofas, chic interiors and understated yet beautiful lighting. The 303 rooms and suites at Lemon Tree Premier-Mumbai International Airport are attractive and vibrant and offer world class amenities, making it the perfect place for business and leisure travellers to interact and unwind. The accommodation options will include Deluxe Rooms, Executive Rooms, Premier Rooms, Studio Suites and an Executive Suite.

The hotel will offer a 24×7 multi-cuisine coffee shop – Citrus Café; a hip recreation bar – Slounge, where guests can enjoy their favourite music over a drink. The celebrated pan-Asian restaurant – Republic of Noodles will serve street food delicacies from Thailand, Vietnam, Singapore, Cambodia, Indonesia and Myanmar.

The rejuvenating spa – Fresco, a well-equipped fitness center and a refreshing swimming pool will all aim to offer wellness to our resident guests. Additionally, the hotel will provide over 3,100 sq. ft. of contemporary meeting space, including large conference rooms and a business center, to cater to business needs and requirements for special occasions. Ends

Fonterra Future Dairy launches Dreamery to fuel the ambition of new India~ Unveils a product range specifically designed for the Indian palate

Mumbai,  26 June,  2019 (HPN) / By Sachin Murdeshwar  : Fonterra Future Dairy, a joint venture between global dairy nutrition company Fonterra and India’s FMCG powerhouse Future Consumer, is looking to disrupt the way consumers across India enjoy dairy. To deliver on this aspiration the joint venture today launched its consumer brand Dreamery, which will start to appear in stores across Western India this week.

The first products in the Dreamery range – Dahi, UHT Toned Milk, Chocolate and Strawberry Milkshakes were unveiled at today’s launch, bringing a more indulgent experience to staple dairy products.

Mr. Sunil Sethi, Chairman of Fonterra Future Dairy, and Managing Director of Fonterra Brands Sri Lanka and the Indian Subcontinent, explained that Dreamery draws on over a century of dairy expertise to delight a new type of Indian consumer who is young, urban and always on the go.

“By combining Fonterra’s global dairy innovation, manufacturing and nutrition expertise with Future Consumer’s leadership in retail and distribution, our goal is to delight Indian consumers with high quality, nutritious and great tasting dairy products, which is what we call Dairy 2.0.”

“We’re bringing 130 years of dairying expertise and our world-leading food safety and quality standards to this partnership to ensure that consumers can trust our dairy. Working with Future Consumer gives us an understanding of the complete consumer ecosystem and a right to win in the Indian marketplace. It’s a unique synergy that is set to create a new force in the Indian dairy industry.”

Mr. Kishore Biyani, Vice Chairman, Future Consumer, said that Dreamery will bring in new products that increase choice for consumers and help expand the value-added dairy market in India.

“Fonterra has deep expertise in product development and we are working in close partnership with them to bring in our understanding of Indian consumer tastes, preferences and habits. The product range will reflect the aspirations of consumers and we are hopeful that the brand will win their trust and confidence.”

As part of its drive to bring excitement to dairy, Dreamery will look to add to the initial range with more innovative products over the next six to twelve months.

Mr. Ishmeet Singh, CEO of Fonterra Future Dairy, explained that Dreamery is intent on revolutionising the category.

“Our first product range is focused on taking staple products and using our world-class innovation to give them a contemporary and relevant twist.

“However, as we move forward, we’re going to continue to evolve our portfolio with products that will deliver superior quality, taste and nutrition across the Dreamery product range.”

The first products will be available on retail shelves in key cities including Mumbai, Pune, Bangalore, Ahmedabad, Hyderabad and Surat.

After the initial launch, the joint venture will focus on building a strong consumer base with strategic expansion throughout India before extending its product offering to include a full range of value-added consumer and foodservice dairy products to delight Indian consumers.

Sri Lanka Tourism launches special packages for Indian tourists

Hon. John Amaratunga -Tourism Minister, Wildlife and Christian Religious Affairs of Sri Lanka

National, 24^th June, 2019 (HPN / By Sachin Murdeshwar) : In an effort to ramp up Indian outbound tourists visiting Sri Lanka, Sri Lanka Tourism in collaboration with SriLankan Airlines, The Hotels Association of Sri Lanka (THASL) and inbound tour operators has introduced attractive packages, specifically targeting India, the number one source market, to revive the industry that had a temporary setback due to the recent incident. The package offered includes discounted airfare, accommodation, transport and more, ranging from 30 % to 60%. This package is unique to India and can be availed across Sri Lankan Airlines’ network covering 12 cities in India with 123 weekly flights.

Ms. Chamari Rodrigo – Consul General, Sri Lanka along with the  Sri Lankan delegation headed by Hon.John Amaratunga, Minister of Tourism, Wildlife and Christian Religious Affairs attended the event.

Hon Minister of Tourism spoke of the restored security environment in Sri Lanka and assured the audience that the incident will not reoccur again. He further requested media to fully support the efforts put forth by the Sri Lanka Tourism Board together with key stakeholders of the industry and thanked them for their extended support in the past which has been instrumental in making India the number one source market for Sri Lanka.

The five tour packages to Sri Lanka range from a combination of stays in Colombo, Kandy, Nuwara Eliya, Dambulla, Sigiriya and South Coast with multiple options to suit any budget. These offers will be valid for stays from June 10, 2019 to September 30, 2019 and can be availed through the travel agents network in India.

Mr. Kishu Gomes, Chairman, Sri Lanka Tourism Promotion Bureau described the brand and marketing communication strategy aimed at reviving the industry as well as the growth trajectory that Sri Lanka Tourism recorded.  Furthermore, Mr. Gomes requested Indian tourists to avail of the attractive package while supporting the process of recovery as Sri Lanka’s most respected neighbor.

“India has been the number one source market to Sri Lanka over the past decade and in 2018 recorded over 400,000 visitors to the island. The national carrier SriLankan Airlines operates 123 weekly flights from key Indian cities and we believe such offers are quick to popularize across Indian cities,” said Mr. Dimuthu Tennakoon, Head of Worldwide Sales and Distribution (HWSD) of Sri Lankan Airlines.

Additionally, Master Card, which has over 180 million Indian card holders, has also come on board to promote the launched packages through their well-connected channels.

India has accounted for 18.2 percent, which is 424,887 arrivals in 2018, an impeccable 10.5 percent hike from last year. In 2017 itself, 383,000 Indians visited the destination. In 2018, this number increased to 426,000. Sri Lanka aims to progressively promote the destination for weddings and film shoots this year, with leisure being the primary focus.

Announcing the launch of the all new Backhoe Loader, TATA HITACHI SHINRAI

Mumbai: June 20^th, 2019 (HPN) : Following highly successful launches in the Southern markets, East and some parts of Western and Northern India, Tata Hitachi launched the all new backhoe loader, TATA HITACHI SHINRAI in Mumbai , Maharashtra , today .

A revolutionary new offering from Tata Hitachi,SHINRAI is designed and manufactured on the key tenets of capability and reliability. An engineering masterpiece, this machine, with its new and advanced features, stands true to its name: SHINRAI – a Japanese word that means Trust, Reliability and Confidence.

With Industry leading reaches, dig forces, a brand new front end loader geometry and a design built for attachments; Tata HITACHI SHINRAI is a truly capable machine.  This capability is backed by a “high torque at low rpm” engine with enough reserve power across its entire spectrum to provide confidence in its capabilities.

With a spacious, cabin with easy to work controls, fully mechanical drive train, an In-line fuel injection pump, a special warranty &support package and INSITE (Tata Hitachi’s Telematics suite) enabled, with an air conditioned cabin as an optional fitment, Tata Hitachi SHINRAI is sure to evoke confidence and trust amongst customers. This all new Backhoe Loader holds out a promise of performance, power and low operating costs.

Built on the platform of next-gen engineering that can tackle all terrains, SHINRAI is a machine where solid trust meets unparalleled reliability

Mr Shin Nakajima, Director, Sales, Marketing and Customer Service, Tata Hitachi mentioned,“ We are very proud to launch SHINRAI in Mumbai. Mumbai is an important market for us and we are confident that this revolutionary backhoe loader will make its mark immediately. We dedicate this machine to our customer and dealer fraternity.”

Mr Hemant Mathur, Assistant Vice President, Sales and Marketing added, “The launch of Tata Hitachi SHINRAI in Mumbai, Maharashtra marks another milestone for us. We have launched the machine in South, Central, East India, Vidharbha, some parts of the North and are now focusing on the West. With this launch today, we are consolidating our reach and gradually extending our footprint to have a pan India presence soon.” Ends

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Pharma & Healthcare Fund

Mumbai, June 19, 2019 (HPN) : Aditya Birla Sun Life Mutual Fund, the mutual fund arm of Aditya Birla Capital Limited, has launched the Aditya Birla Sun Life Pharma & Healthcare Fund, an open ended equity scheme investing in Pharma and Healthcare Services Sector.The fund opens on June 20, 2019.

The Indian Pharma Industry is projected to become US$100bn industry by 2030, with domestic pharma expected to grow at 10-12% per annum. Indian Pharma companies are global leaders in generic drug manufacturing, in fact 1 in every 3 medications sold in the US is supplied by an Indian Pharma Company. The gradual global shift from branded to generic drugs will act as a tailwind and further fuel the exports market for Indian Pharma. Increased Government spending on public healthcare through schemes like ‘Ayushman Bharat’, growing penetration of health insurance, higher life expectancy and increasing spends towards healthcare and wellness will act as a stimulus for growth.

Commenting on the launch, A. Balasubramanian, CEO, Aditya Birla Sun Life AMC Ltd, said “The sector has been a long term outperformer over a 10 year period, except in the past 2-3 year. Poised for a strong rebound, there is opportunity in the coming market cycle to invest, given the attractive valuations and the potential growth in the sector”.

With a new business cycle coming into play and new businesses with high growth potential and sticky profit like Diagnostics, Wellness & Specialty Chemicals also available to invest in, this sector is more vibrant than ever before. “To add to novelty, we also have ability to invest in innovators, patent holders & specialty instrument makers in global markets”, added A Balasubramanian. Apart from the core Pharma and Healthcare space, the fund will also look at other large opportunities in sectors like Hospitals and Diagnostics growing at over 20% CAGR; Wellness businesses growing at 10-12% every year, or the Global Contract Research and Manufacturing Services industry (CRAMS) which is growing at 7% per annum. The scheme can also invest in equities of listed overseas companies, in line with the RBI and SEBI guidelines. The fund will be managed by Mr. Dhaval Shah. The benchmark index for the fund is S&P BSE Healthcare TRI (Total Return Index).

Data Source: IBEF, Internal Estimate, Evaluate Pharma, pmjay.gov.in, UN World Population Prospects, Mckinsey Global Institute report, National Health Profile 2015, 2018, IRDA Statistical Handbook 2016-17, Edelweiss Research

IndiaMart InterMesh Limited’s IPO to open on Monday, June 24, 2019 with Price Band of Rs.970 – Rs. 973 per Equity Share each of Face Value of Rs. 10 each

Mr.Dinesh Agarwal (Founder & MD) and Mr.Brijesh Agarwal (Co-Founder & Whole Time Director) of IndiaMART InterMESH Limited – Photo By Sachin Murdeshwar.

MUMBAI, June 19, 2019 (HPN) : IndiaMart InterMesh Limited (“Company”), India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017, according to the KPMG Report will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on Tuesday, June 24, 2019 and close on Thursday, June 26, 2019, with a price band of Rs. 970– Rs. 973 per Equity Share of face value of Rs. 10 each of the Company (the “Equity Shares”). The Anchor Investor Bid/Issue Period shall be Friday, June 21, 2019 being one working day prior to the Issue opening date.

Initial Public Offering of up to 4,887,862 Equity Shares of face value of ₹ 10 each  of Indiamart Intermesh Limited (“Indiamart” or “Company” or the “Issuer”), through an Offer for Sale of (a) up to 2,590,000 Equity Shares by Intel Capital (Mauritius) Limited; up to 255,753 equity shares by Amadeus IV DPF Limited and up to 475,000 equity shares by Accion Frontier Inclusion Mauritius (together, the “Investor Selling Shareholders”), (b) up to 852,453 Equity Shares by Dinesh Chandra Agarwal and up to 577,656 Equity Shares by Brijesh Kumar Agrawal (together, the “Promoter Selling Shareholders”) and (c) up to an aggregate of 137,000 Equity Shares by the other selling shareholders (as defined hereinafter) collectively, the “Selling Shareholders”). The offer includes a reservation for subscription by eligible employees of 10,000 equity shares (as defined hereinafter), (which shall not exceed 5% of the post-offer equity share capital of our company) (the “Employee Reservation Portion”).

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the “SCRR”) and the Net Offer constitutes [●]% of the post-Offer paid-up Equity Share capital of our Company. The Offer is being made through the Book Building Process, in compliance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“SEBI ICDR Regulations”), where at least 75% of the Net Offer will be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors.

Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Category shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Net Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process, and shall provide details of their respective bank account in which the Bid Amount will be blocked by the SCSBs. Anchor Investors are not permitted to participate in this Offer through the ASBA process

Company will not receive any proceeds from the Offer and the entire proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered and sold by the respective Selling Shareholder in the Offer for Sale.

ICICI Securities Limited, Edelweiss Financial Services Limited and Jefferies India Private Limited are the Book Running Lead Manager (“BRLMs”) to the Offer.

 The Equity Shares of IndiaMart InterMesh Limited are proposed to be listed on BSE and the NSE.

GO Sport enters strategic partnership with Adidas to support “Run for the Ocean” campaign

Bangalore, 12th June, 2019 (HPN) : GO Sport, a French global multi-brand, multi-discipline sports superstore has partnered with Adidas to support “Run for the Ocean” campaign. GO Sport was recently introduced into the Indian market by Tablez, a leading organised retail arm, with two superstores in Mumbai and Bangalore. As part of the store launch in Bangalore, GO Sport organised a 5 KM wellness run called GO Run on 9^thJune 2019. During the event, the brand provided a platform to Adidas in reaching out to over 3,000 runners to support the “Run for the Ocean” campaign.

“Run for the Oceans” is a global movement that harnesses the power of sports to raise awareness about the threat of marine plastic pollution and inspires positive action. It leverages an opportunity to celebrate the oceans, through an event where runners unite to dedicate their time and energy to generate investment towards saving the oceans.

“As responsible citizens of this world, it is upon each one of us to take action in keeping our oceans breathing and thriving. At GO Sport, we are thrilled to partner with Adidas to support “Run for the Ocean” campaign. We are sure that this global movement will harness the power of sport to raise awareness for the threat of marine plastic pollution and thereby protect our oceans and environment,” said Adeeb Ahamed, Managing Director, Tablez.

“The fight against Marine Plastic pollution has just begun. As the leading sports brand in the world, Adidas has taken the responsibility to unite people and raise awareness through Run for the Oceans to fight the problem. We are delighted to see our key partner Go Sport, join us in this movement and help strengthen it further”, said Manish Sapra, Sr. Marketing Director, Adidas India.

In this GO Sport supported initiative, Adidas has given a shout-out to the runners worldwide to log kilometers in the Runtastic and Joyrun applications from 8^th to 16^th June 2019. Every kilometer recorded will be matched with $1 each for Parley Ocean School to educate youth on how to tackle the marine pollution problem. There’s no set distance to run, no set route to follow. The only requirement is a FREE registration via the Runtastic or Joyrun apps to be part of this movement.

Through this partnership, GO Sport and Adidas reached out to over 3,000 runners at the GO Run event and educated them on the cause, to provide support towards making the movement bigger. Adidas Runners Club also participated in the GO Run to support the campaign along with the brand launch. Ends

RiteBite Max Protein Avers 5 PM Snacking? Choose wisely!

Chinese Manchurian Flavour.

Mumbai, 12 June,  2019 (HPN) : Till the recent past only the health enthusiasts consumed protein rich diet, however, the growing awareness about diseases caused due to protein deficiency have added significantly in the consumption of protein dense food by the masses. A working professional with a hectic lifestyle, will hardly have time to prepare a protein-rich snack. That’s when munching on a protein snack can be a wise choice. It not only saves your time planning, buying and cooking a protein sufficient meal but it proves to be a healthy bet. As most protein chips don’t have a good balance of carbohydrates, protein, and fat, one needs to be smart while picking up the right protein chips.

RiteBite Max Protein brings to you a range of healthy, handy and delicious protein power snacks that fuel you with sustained energy, and has no preservatives and artificial sweeteners. RiteBite Max Protein chips is a power snack that provides protein by blending seven ingredients (Jowar, Quinoa, Ragi, Whole grain oats) super grains and (Soya, Urad and Chick peas) pulses which provides sustained energy for a longer period.This 60 g gluten-and-guilt- free wholesome snack provides 10 g protein, 4 g fibre and has a low glycemic index i.e. it has no white carbs like rice, corn, potato or wheat which tend to spike up bloodsugar levels and cause it to drop rapidly making one feel tired. RiteBite protein chips has 35% lesser fat compared to other traditional namkeens, making it just the perfect, tasty, 5 pm snack to satisfy savoury cravings.

Today with a family of crunchy snacks, that is healthy, handy, tasty and wholesome, Mr. Vijay Uttarwar, the Managing Director, avers that,“Consumers should never compromise on taste for nutrition. One’s taste palate and nutritional needs should go hand in hand and at RiteBite we have kept all these factors in mind while the recipe for chips was in progress. RiteBite protein chips proves that guilt-free, crave-worthy indulgence is possible. Our products are available in 10,000 outlets and we intend to reach a target of 20,000 outlets by the end of this fiscal.”

One should be aware of the ‘RITE’ protein chips! RiteBite Max Protein offers a wide range of ‘Power Snacks’ that help consumers adopt a healthier lifestyle and boost up their energy level. The company’s focus has always been on providing tasty and healthy, protein and fibre rich products in innovative formats which help in hunger satisfaction and keep a check on cravings.

One can pick and choose any healthy chips from the range of protein chips like: Cheese Jalapeno, Spanish Tomato, PeriPeri, Chinese Manchurian, Salt and Pepper, Desi Masala, Cream and Onion.

So next time you want to snack, remember to POWER SNACK!

RiteBite Max Protein is also on:

Instagram: ritebite_maxprotein (https://www.instagram.com/ritebite_maxprotein/?hl=en)

Facebook: RiteBite Nutrition bars (https://www.facebook.com/ritebitenutritionbars/)

The visionary healthy-lifestyle company, Naturell India Pvt. Ltd., promoted by Mr. Vijay Uttarwar, launched the original protein bars in the year 2006 and has been working towards promoting and enhancing healthy living in India by innovating protein-based products under multiple categories.

For more information of the company please click on the URL: https://maxprotein.in

NRAI India Food Services Report 2019 released today by Shri Praveen Pardeshi in Mumbai

Mumbai, June 12, 2019 (HPN) : NRAI India Food Services Report 2019 (NRAI IFSR 2019), along with a Mumbai specific report, was launched by Shri Praveen Pardeshi today. Released once every 3 years, NRAI IFSR 2019 – is the 4th edition of National Restaurant Association of India’s study to map trends, opportunities and challenges of India’s food services sector.

Shri Praveen Pardeshi, Chief of Brihanmumbai Muncipal Corporation, while releasing the report and congratulating NRAI, said, “Mr Praveen Pardeshi in his speech announced a slew of measures that will ease the working environment of restaurant industry. He said that he is actively looking at reintroducing the rooftop policy for restaurants with proper norms. He also announced Abolition of Factory License as prescribed under the MMC act. 

He further added that the government is working for long-term renewal of excise licenses for a period of 3-5 years at one go. Eating house license is already being renewed for a period of 3 years as on date. He also informed the fraternity that the Shops and Establishment Act already permits businesses to operate 24×7 in Mumbai unless otherwise restricted by an executive order of a competent authority.

He assured that the Govt. of Maharashtra and BMC will collaborate with the industry to transform Mumbai’s food landscape to add to its vibrancy.”

Rahul Singh, President, NRAI while noting contributions of the Restaurant sector mentioned, “The Indian Restaurant Industry employed 7.3 million people in 2018-19. The organized food service sector, which is only 35%of the total market, contributed a whopping INR 18,000 crore as way of taxes in 2018-19. The number is expected to more than double if the unorganized sector becomes organized.”

Anurag Katriar, Mumbai Chapter Head, NRAI and Executive Director and CEO, deGustibus Hospitality, sharing the highlights of the Mumbai supplement said “It’s exciting to note that Mumbai has the highest share of the organized foodservice market in the country, and is growing at a CAGR of 41% since 2015-16. This exponential growth has also made it the provider of the highest employment in the food service sector amongst Delhi, Mumbai, Bengaluru and Kolkata. Home to a large migrant population, Mumbai has the 3rd highest frequency of eating-out and ordering in occasions amongst these cities.

However, Mumbai is still grappling with its own set of issues. In the absence of a single ministry and governed by regulations formed by various departments, conflicting orders that create confusion for the restaurant owners. Change in limitation on operating hours is required with implementation of the model shops & establishment bill. It will boost, not only the nightlife but also, employment and revenue for the government.  Our industry is still looking forward to a comprehensive policy for operation of food trucks and food truck parks and abolition of the archaic drinking permits in the cosmopolitan city. Mumbai, ranking 13th in the ease of doing business index, needs resolution to these issues for the restaurant industry to thrive to its full potential, with single window licensing being the ultimate prerequisite“, he added.

Introducing the trade report to the audience, Mr. Samir Kuckreja, Past President and Trustee, NRAI said, “NRAI IFSR 2019 is an in-depth research study which maps out the scale and impact of India’s food services sector. This report is crucial for the industry to garner the necessary support and recognition from the government and its agencies for providing a fillip for consistent and sustained growth. I would like to thank all the NRAI members for their contribution to the research study.”

The report is a comprehensive compilation of data gathered from in-depth interactions with over 130 restaurant CEOs and 3500 consumersacross 24 cities in India. The exclusive Bengaluru specific pull out provides extensive data on a variety of parameters like average monthly spend per person, popular hangouts, employment and consumer eating out behaviour trends.

A copy of the report can be bought at INR 20,000 on nrai.org/buy-report/.

ABOUT NRAI:

National Restaurant Association of India (NRAI) is the Voice of the Indian Restaurant Industry. Founded in 1982, it represents the interests of 500000+ restaurants, an industry valued INR 4,23,865 crores.

Being the leading association of the Indian restaurant industry, NRAI aspires to promote and strengthen the Indian Food Service Sector. Headquartered in Delhi, the association in its 36th year has a pan India presence with members comprising of restaurants, suppliers and educational institutes associated with it.

NRAI is governed by a committee of members and led by a President and Office Bearers. The committee consists of over 35 Restaurant CEOs / Owners representing various national and international brands from the F & B sector. The association works closely with a network of State and City chapter partners in Delhi, Mumbai, Gurugram, Bengaluru and the recently added Kolkata Chapter. The Chapter activities include:

• Ground work and action pertaining to government issues and representations
• Facilitate the exchange of knowledge & experience
• Provide support in the overall development of the association

Our Vision

NRAI aspires to lead the Indian Restaurant Industry to greater profitable growth representing interests of members through advocacy, training, research and industry events.

NRAI Aims to

• Advocate changes in the laws governing the Indian Restaurant Industry at Local, State and Centre levels
• Provide opportunities to educate members
• Play a key role in promoting skilling and career opportunities for industry professionals through the Hospitality Sector Skill Council.

www.nrai.org