NRAI

The foodservices and restaurant industry will play a critical role in pushing India's economic growth, Niti Aayog CEO Amitabh Kant said Thursday. Kant also pointed out that the restaurant industry is the third largest after retail and insurance in...

The retail industry is expanding, quickly becoming the fastest growing industry in the world. Technological and in-store innovations to attract the evolving consumer are fast becoming the main disruptors of the industry. The foodservice industry, which makes up a...

Indian food retail chains are exploring new business models after witnessing a paradigm shift, with food aggregators reaching out to the homes of consumers leading to a disruption. Speaking out on the issues confronting the food and beverage retail business, Rahul Singh, Founder,...

India continues to be the 'land of promise' for the food service industry. It is one of the most vibrant service industries. Although predominantly unorganised, with the advent of foreign and Indian restaurant chains, the organised market is likely...

In his last full budget before general elections in 2019, Finance Minister Arun Jaitley reduced corporate tax for 99 percent of the companies to 25 percent. In keeping with his earlier announcement of reducing corporate taxation rate to 25 per...

In the run up to budget, consumer goods companies are looking for a greater thrust on food processing sector to add value to the agricultural produce, increase in rural wages and reduction in taxes to leave more money in...

The restaurant sector is seeking re-introduction of input tax credit from the government in addition to reduction in number of licences required for operating a restaurant, the National Restaurant Association of India (NRAI) said. "The restaurant industry has been singled...

India today is one of the fastest growing economies in the world and is on its way to becoming a US $3.8 trillion dollar economy by 2021. The country’s economic dynamics are playing out in force and the imprints are...

The Federation of Hotel and Restaurant Associations of India (FHRAI) on Friday said GST Council's decision to cut tax rate for restaurants to 5 per cent without input tax credit will help restaurants across India rationalise tariffs. Welcoming the move...

France-based Elior Group, one of the world's leading operators in the contracted food industry, announced that it has completed the simultaneous acquisitions of Megabite Food Services and C Ramachandran Catering Ltd. (CRCL), two leading Indian contract caterers for the...