Franchising Association of India (FAI) is focused on promoting the concept of Franchising in India and on bringing in best international practices. By virtue of our membership of the prestigious World Franchise Council (WFC) we are connected with 46 similar associations of other World Franchise council member countries including International Franchising Association, US. As a part of the constitution World Franchise Council acknowledges and admits only one member association per country.
Franchising Association of India (FAI) was founded at Mumbai in 1999, as a Corporate Social Responsibility initiative by Mr. C Y Pal, National President- FAI to promote the concept of franchising. FAI is the only recognised voice of the rapidly growing franchising industry for lobbying with the Government for policy initiatives for development of the industry.
Franchising in India is in the nascent stages of growth, thus, making decisions about the future can be very difficult. Franchising is ideally suited for the ever growing entrepreneurial spirit in India. Buying a franchise is a major decision, the commitment in capital and borrowings can be significant. A new entrant into the sector needs to consider the process very carefully. Informal statistics indicate that 90% of entrepreneurs entering business through franchising have succeeded, conversely 90% stand alone entrepreneurs failed in their new venture within a span of five years. Franchising is not a guarantee for success; as with any business there are risks involved; but they can be reduced with effective research.
FAI acts as an interface by providing a platform for networking between franchisors, consultants, investors and budding entrepreneurs exploring new business opportunities in franchising.
FAI solicits the participation of all industry players for the benefit and development of the franchising industry.
Our Vision and Mission:
The world is changing all around us. To continue to thrive as a association over the next ten years and beyond, we must look ahead, understand the trends and forces that will shape our performance in the future and move swiftly to prepare for what's to come. We must get ready for tomorrow today.
That's what our Vision is all about. It creates a long-term destination for our business and provides us with a "Roadmap" for winning together with our members and partners.
We aim to become one of the top global association by leveraging our expertise in the higher growth emerging markets. Becoming a global player requires a deep understanding of the global market, ability to deal with people of diverse cultures and to compete effectively in those markets.
Our Roadmap starts with our mission, which is enduring. It declares our purpose as an association and serves as the standard against which we weigh our actions and decisions.
- Our Exchange and safeguard the business environment for franchising, both with regard to franchisors and franchisees
- Act as the resource centre for current and prospective franchisors, franchisees, the media and the Government.
- Disseminate knowledge to promote the concept of 'franchising' and propagate it as a healthy business practice.
- Establish a forum for discussion and deliberation on Franchising related matters and problems and help promote the interest of members by organising seminars.
- Conferences and meetings.
- To create value and make a difference.