NRAI India Food Services Report (IFSR) 2016 launched by Shri Amitabh Kant in New Delhi

NRAI IFSR 2016 Launch

 

 

The chain and standalone market to contribute an estimated INR 22, 400 crores in terms of tax revenue in 2016

 

NRAI India Food Services Report 2016’ (NRAI IFSR 2016) was launched by Shri Amitabh Kant, CEO, NITI Aayog (National Institution for Transforming India), GOI in the national capital today. Commissioned by the NRAI and compiled by Technopak, NRAI IFSR 2016 is the only and most comprehensive trade report on the Indian food services sector.

Introducing the report to the audience and chief guest, Mr. Samir Kuckreja, Past President and Trustee, NRAI said, “The NRAI’s 3rd research on the Food Services Industry is a comprehensive Report that includes results from in-depth interaction with a variety of companies, meetings with over 50 CEO’s, consumer research that covered 2000 people across 20 cities of India and trade research at restaurants.” The report addresses international market perspective for nine countries including USA, China, South Africa, Turkey and UAE.  The report also covers PE/VC funding in the industry and Digital/Social Media Marketing.

NRAI IFSR 2016 estimates that the total contribution of the restaurant industry alone will contribute 2.1% to the GDP of India by the year 2021. Shri Amitabh Kant, after releasing the report, said, “India has been on a high growth trajectory over the last couple of years. Indias exponential growth and consumption in terms of frequency of eating out and experimentation with cuisines and concepts has given the F&B services sector such a fillip that this industry is currently estimated to be worth USD 48 billion in terms of overall market size. I am happy to unveil the NRAI India Food Services Report 2016, an industry paper that documents the various developmental parameters, for the F&B sector at large. I congratulate the NRAI team for spearheading a project of this calibre and wish them success for their future endeavours.”

Mr. Rahul Singh, Honorary Secretary, NRAI, while presenting details from the report pointed out that the NRAI IFSR 2016 documents the unprecedented growth that this sector has witnessed while outlining some of the challenges our industry faces that pose a barrier to entry and optimal operational efficiency. He also noted that the report findings reveal that the food services market in India has triggered growth across a wide range of ancillary industries, thus providing a boost to the entire ecosystem. Key allied industries which support food services and have benefited from its growth are agriculture and food processing, supply chain and logistics, real estate, kitchen equipment, and commissary.

While discussing the report, Mr. Riyaaz Amlani, President, NRAI at the launch event said, “The total food services market today stands at INR 3, 09, 110 crores and has grown at 7.7 % since our last report in 2013. This is projected to grow to INR 4, 98, 130 crores at a CAGR of 10% by 2021. This year alone, the Indian restaurant sector will create direct employment for 5.8 million people and contribute a whopping INR 22, 400 crores by way of taxes to the Indian economy.” As per the NSDC, restaurants contribute the maximum manpower requirement within the hospitality sector.

The report states that the share of the organized market is just 33%. Expressing distress on this, he remarked, “This is largely due to over regulation of our industry, the complex maze of approvals and licenses required and high tax brackets. It is about time that our industry’s socio-economic impact is recognized by the government, and it initiates immediate steps to unlock the true potential of this
behemoth.”

Commenting on NRAI’s contribution to the Indian food services industry, he stated, “I am delighted to report that a lot has been achieved at the NRAI already and we are expecting brighter days in the near future.”

While the food services industry has seen a steady growth over the last three years, the report reveals that the industry has its fair share of roadblocks and challenges like high real estate and manpower costs, inadequate supply chain, infrastructure, financing issues and majorly policy formulation. The main aim of the report is to aid entrepreneurs and investors take informed decisions and unite the industry under one banner.

A copy of the report can be bought at INR 45,000 on www.nrai.org.

About NRAI:

National Restaurant Association of India (NRAI) was founded in 1982 and since been the leading association of the Indian restaurant industry. Headquartered at Delhi, we represent both independent and chain restaurants owners and operators in India.

The association in its 33rd 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 representing various national and international brands from the F&B sector.

The Association represents interests of the members by offering advisory, training, research services and organizing industry events.

Regional Chapters

NRAI works closely with a network of State and City chapter partners in Mumbai, Bengaluru and Gurgaon. More Chapters in Noida, Pune, Hyderabad, Chennai and Kolkata are being set up.

www.nrai.org

A story of Pearls..unfolded

 

Breaking all mainstream barriers and boundaries in jewelry designing – “A story of Pearls..unfolded” a pearl jewely showcase presented by Bijou- A house of natural pearls  were displayed at Ashtan Sarovar Portico, Green park, Delhi on 9th July, 2016. A classy display of fresh stupefying jewelry designed specially for today’s expressive & bold women by proficient designers like Arati Nayar & Sabina Nathani making the collection extraordinary & striking.  In this showcase the designs are thought carefully and placed for every age group and varying preferences. The jewelry pieces available at Bijou offer a hint of traditional style but mainly inclined towards contemporary approach. Leaving behind the good old age trend of big & mid sized pearls, the designers have experimented & extended their perimeters to merging up variety of pearl sizes with precious & semi precious stones.

Guests who were present at the jewelry showcase were Aashmeen Munjaal, Harmomika, Rita Gangwani, Shuchi Khanna, Saloli Kumar, Anjali Gujral, Renu Shahnawaz Hussain, Sabina Nathani, Poonam Sanyal, Neena Singh, Ratan Kaul, Shahana Mookerjea & many more.

Embrace the Tango-Milonga

 

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Not a single soul could stay glued to their seats in the city when Tango Maestros Kiran Sawhney and Eduardo graced the space with their subtle moves at the official launch of Delhi Milango at Eros Hotel, Nehru Place.

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Kiran Sawhney, the founder of New Delhi Tango School (NDTS) – the only school to teach the sophisticated art of tango in the city speaks of it as a sensual and healing form of dance. Tango is a powerful dance; it is earthy and dramatic and is danced in an embrace. Also described as stylized walking, the walk has a ‘stalking’ nature with dramatic gestures. Steps are based heavily on improvisation, there are no set steps. Movements are sometimes slow and slithery, sometimes abrupt with quick foot flicks and head turns. Tango is danced anti-clockwise around the outside of the dance floor.

‘Milonga’ a word that has many meanings is actually an Argentinian ballroom dance; the forerunner of the tango. Here it is referred to a place or an event at which milonga is danced. The event commenced with all the bloggers getting together to learn the basics and trying to get into the sync of it. The Lounge & Bar with its dim lights, soothing music and an interior beaming with red and white candles made for a perfect setting for such an event.

Besides bumping into the chairs, bar counters and into each other, all of us giggled and with all their sincerity tried to learn the moves. We were so engrossed in getting the moves perfect that we all forgot about the food and drinks. The highlight was the impromptu performance by the two maestros. We also got the privilege to dance one on one with the maestros. Eduardo, who is a Minister at The Embassy of Mexico and has been engaged in dance since 12 years and also teaches the students of NDTS. As I danced with him he kept leading and shared some tips as to how to bring finesse to the moves. He is an excellent teacher and the smallest of compliment from him made me feel extremely glad.

What we also got to know is that Tango and meditation have some similarities. Tango dancers with much of internal focus gain mindfulness and a state of peace just like all those who practice meditation. In other words, tango dancers might be able to enter into a flow state  as described by experienced mediators.

It’s not a kick-up-your-heels kind of dance, it is more about stability, precision and combining the sassiest of moves with utmost elegance. Delhiites can now participate, enjoy and learn this beautiful art as The Tango Milonga is here to stay and will be in session for a few weeks at the Eros Hotel, Nehru Place.