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The National Restaurant Association of India ( NRAI ), which has elected Sagar Daryani , co-founder of Wow! Momo Foods, as its new president , we focus on core issues facing the sector such as GST and Input Tax Credit . Speaking at the NRAI Annual General Meeting, Daryani said: “We will strive to expand the presence of the NRAI across the country by setting up several more chapters. The national managing committee which will be announced soon, will continue to expand to find resolutions to several other prominent industry-wide issues.
” Zorawar Kalra, founder and managing director, Massive Restaurants, has been appointed as vice president, while Pranav Rungta, director, Mint Hospitality, continues as vice-president. The leadership transition comes at a critical juncture for the Indian restaurant and food service industry. The domestic food services sector is expected to be valued at Rs 7.
76 lakh crore by year 2028, growing from Rs 5.7 lakh crore currently, the NRAI had said in its food services report released this July. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.
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Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program The report noted that the sector would grow at a CAGR of 8.1% over the next four years. According to the report, food services is the third largest industry after retail and insurance and will employ about one crore people in the next four years, up from 85.
5 lakh currently. The association, which has over five lakh members, noted that two options for GST slabs, a 12% GST rate with input tax credit, and a current 5% GST rate without input tax credit should be made available to all restaurants. It also recommended an equitable e-commerce policy and imposing reasonable caps on commissions charged to restaurants and regulating customer data use by platforms.
The report also flagged that casual dining restaurants have grown the fastest, followed by quick services chains. (You can now subscribe to our Economic Times WhatsApp channel ).
