India Franchising Market Poised To Be A Major Job Spinner

The country's franchising market is poised to grow at 35 per cent annually and become a major job spinner in the coming years, as firms look to tap the huge demand present in smaller cities and rural markets, say experts.

Companies are eager to explore opportunities in the tier II and III cities, as well as rural markets, as metros and tier I cities are close to saturation in terms of growth, experts said.

"There is excitement in the franchisee industry as from a mere 300 franchisers in 2005, the number has touched 1,150 in 2010. The market is growing at 32-35 per cent year-on-year," HR consulting firm Planman HR Director & Managing Partner Deepak Kaistha told PTI.

"With opening of new outlets and branches of brands, there will be a high requirement for skilled and unskilled manpower.

Tags:Planman, Deepak Kaistha, Franchise Jobs, Franchise HR, franchising jobs, franchise vacanies, franchise manager vacancy, franchise posts, franchise careers,

Source:Press Trust of India / New Delhi August 22, 2010, 13:28 IST

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