|
|
|
Nilekani advises certification for skills in food services
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 21 May, 2019
Indicating formalisation of the
food services industry was inevitable in India, Infosys co-founder
Nandan Nilekani on Monday advised stakeholders to have a certification
system for skills of their employees in the supply chain.
"I urge
you to bring out a certification system to raise the skills of millions
of people. This will help you build employment for the industry and go
beyond 10 million in the near future," said Nilekani after releasing the
fourth edition of the 'India Food Services' report 2019, compiled by
the National Restaurant Association of India (NRAI) here.
Noting
that multiple forces play a major part in the growth of the multi-crore
industry, he said the Goods and Services Tax (GST), digital payments and
food quality were the other major factors that would formalise the
industry with an ecosystem of its own.
"They are frenemies.
Though brick and mortar always thrive, the restaurants need to make sure
they have a good supply chain to support the tight timelines the
delivery boys have," Nilekani said.
NRAI President Rahul Singh said the Indian restaurant industry employed 73 lakh people in the last fiscal 2018-19.
"The
organised food service sector, which is 35 per cent of the total
market, contributed a whopping Rs 18,000 crore as taxes in the last
fiscal, which is 12 per cent of the total organized market," said Singh.
According
to the report, compiled once in 3 years, growing urbanisation, rising
income levels and improved investment climate have made the food service
sector grow at 11 per cent during the last 3 years and it is estimated
to be at Rs 4,23,865 crore in 2018-19.
Growing at 9 per cent, the sector is projected to reach Rs 599,784 crore by 2022-23.
In
terms of employment, the organised sector provided jobs to 37 lakh
people, or 51 per cent of the total in 2018-19, the unorganised sector
to another 36 lakh people (49 per cent) of the total workforce. This is
estimated to grow 6 per cent to 92 lakh in 2022-23.
NRAI's
Bengaluru chapter head chef Manu Chandra said the average spend per
household per month on eating out has been estimated at Rs 3,586 in the
tech hub, which was higher than the national average of Rs 2,500.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|