An Introduction to Food Industry
The food industry, which is currently valued at US$ 39.71 billion! is expected to grow at a Compounded Annual Growth Rate of 11 % to US$65.4 billion by 2018. Food and grocery account for around 31 percent of India’s consumption basket. there is an increase in Restaurant space for rent in Gurgaon or in India.
Accounting for about 32 percent of the country’s total food market, The Government of India has been instrumental in the growth and development of the food processing industry.
The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 percent of the sales. Food has also been one of the largest segments in India’s retail sector, which was valued at US$ 490 billion in 2013@. The Indian food retail market is expected to reach Rs 61 lakh crore (US$ 894.98 billion) by 2020.
Best Locations for restaurants space for rent in Gurgaon
1, Golf Course Road Gurgaon
2, Golf course extension road
3, Sector 29 Gurgaon
4, MG Road
General Rental trends for restaurants in Gurgaon