Hyderabad: The NRAI (National Restaurant Association of India) Hyderabad Chapter, is hosting the largest Conclave of the Indian Restaurant Industry, Indian Restaurant Conclave 2022 (TIRC) on 13th September 2022 at HICC. The prestigious one-day Conclave will be formally inaugurated by Shri KT Rama Rao, Minister for MAUD, I & C and IT, Government of Telangana. Over a thousand delegates including all the stake holders of the Restaurant industry, prominent restaurateurs of India, Foreign Delegates, Investors and Bureaucrats from pan India, will be part of the Conclave. NRAI will be conducting its 40th Annual General Meeting during the Conclave. This is the first time ever NRAI is hosting its AGM outside of Delhi, in its four decades history.
The National Restaurant Association of India, founded in 1982 represents over 5,00,000 restaurants, QSRs, Bars, Cloud Kitchens and Catering, pan India. With an estimated annual turnover of INR 4,23,865 Cr the Indian restaurant industry employs over 73,00,000 people, making it the 3rd largest employer sector in the country.
The Indian Restaurant industry, like its peers abroad, has been immensely impacted by the pandemic. In FY21 the Indian Food Services Industry declined by 53%, over 25% of Food Business Operators permanently shut their shop leading to approx. 24 lakh job losses. However with the support of Central and State Governments, the initial trends in FY22 seem to be optimistic and the Food Services Industry is expected to recover and reach a size of INR 4,72,285 Cr