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Railways’ modernisation plans brighten growth prospects for food service chains

News:

  • The central government’s decision to modernise 400 railway stations in India has brightened the growth prospects for food service companies, within the travel retail sector.
  • When it comes to Indian Railways, there are various local and unorganised players who run the railway canteens on long-term tenders and sometimes they are run by the government.
  • Industry experts point that setting up a food court at a station entails an investment of around Rs 15-20 crore.
  • The company, a subsidiary of K Hospitality Corp, is partnering local F&B brands in these markets to bring the local flavor. 
  • There are four kinds of F&B formats in railway stations which are tendered by Indian Railway Catering and Tourism Corporation (IRCTC).
  • According to Varun Kapur, director, TFS, the company has readied investments to the tune of Rs 200 crore in railways and airports over the next 2-3 years.
  • Jubilant Food works, recently started a trial project with IRCTC to deliver pizzas on board 201 trains and 41 stations.
  • Lite Bite Foods too has initiated discussions with the railway authorities to develop its brands in stations.

Source:ET

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