Small Restaurant Business - NRAI IFSR 2016 estimates that the total contribution of the restaurant industry alone will contribute 2.1% to the GDP of India by the year 2021.
The whole idea is to cut down the food wastage, a concern spurred by PM Modi's in a recent edition of his monthy radio show 'Mann ki Baat', adds Paswan.
Given the entry of a large number of players and in food business across categories staring from restaurants, food suppliers, food tech to a food truck model, the competition has become intense.
According to the NRAI India Food Services Report 2016, the total Food Services Market today stands at INR 3,09,110 crores which is about 1.6x the size of Railways.