In 2023, Bikanervala will build 10 Gurgaon stores, one in Canada, and two in UAE.

Bikanervala, a Quick Service Restaurant (QSR) chain and maker of savouries and sweets, will open 10 new locations in the Gurgaon area in 2023, according to a corporate release. In addition to opening two new stores in UAE, the company will shortly open its first location in Canada. In accordance with this development strategy, Bikanervala inaugurated its tenth restaurant in Gurgaon and one hundred fiftyth internationally at Golf Course Extension Road, Sector 57, Gurgaon, India, today. The newly established quick-service restaurant has 200 seats and large outdoor area around the building. The restaurant can seat up to 250 guests simultaneously.

"Over the years, Bikanervala has spread its presence across the nation, including South India and even outside. Director of Bikanervala Foods Pvt. Ltd. Ashok Aggarwal said, "We will shortly establish our first restaurant in Canada and add two additional locations in UAE." The average monthly foot traffic at Bikanervala restaurants is 1 crore, which increases during the holiday season. Bikanervala has more than 60 stores in India and a presence in nations such as the United States, New Zealand, Singapore, Nepal, and the United Arab Emirates.

Manish Aggarwal, Director, Bikano, Bikanervala Foods Pvt Ltd, commented on the FMCG industry's expectations for the forthcoming budget, stating, "As the budget 2023-24 approaches, we anticipate the following from the government. The budget must secure, via policy measures, a rebound of economic demand, especially rural demand, which has been relatively weak this year. This will demand increased capital expenditures to remedy post-pandemic supply chain disruptions and enhance long-term supply chain efficiency in hinterland markets, in addition to boosting rural income creation in diverse ways.

Regarding the possibility of a Western recession in the coming months, he said that it would be essential for the government to stimulate domestic spending. Even if commodity prices have shown indications of weakening, there is a need for key raw materials and inputs that are particularly vital to the FMCG sector to calm down. He also discussed the growing costs of packaging materials, which are vital to the FMCG industry since packaging generally accounts for about 10 percent of a product's input costs. He also discussed contract farming, which will allow for a more equitable structure of risk-sharing between farmers and industry. "While this would provide farmers with guaranteed pricing, it would also result in the availability of exactly requested inputs and materials for FMCG businesses," he said. Lastly, he said that in the future budget, the government should also consider rationalizing the GST rates on FMCG items.