US-based global franchise consultant major, Francorp International, is foraying into the estimated $3.3 billion Indian franchise market and aims at bringing in 100 odd companies into the country by the end of 2009, through the franchise model. The company, which has a 40 per cent share in the US franchise consultancy market, has formed a strategic partnership and licensing arrangement with Franchise India Holdings (FIHL) and hopes to achieve a turnover of $5 million in India within the next three years. Francorp International President Ramon Vinay stated that the company is hopeful of introducing new franchise ventures in diverse sectors, including fast food and restaurant business, apparel and accessories retail, hospitality management, home solutions, cleaning services and so on. The new partnership company Francorp India has already started discussions with Francorp`s global client base of 2,000 companies for introducing a range of new franchise ventures in India. Francorp`s client base globally includes American Express, Du Pont, Kodak, Ford Motor Company, Hall Mark cards, Shell Oil and KFC among others.
