There are a lot of scope of small or larger impact CSR that restaurants company can engage. Irrespective of the fact that its a single outlet brand or a multiple outlet brand, CSR can take place in numerous ways.
ICRA estimates suggest that these chains are set to open 2,300 new stores with an investment of Rs 5,800 crore between 2022-23 and 2024-25, underscoring the industry's resilience and its adaptability to changing market dynamics.
As outlined in the IRCTC Corporate Plan for FY 24-28, catering services contributed 27% to the revenue in FY 22, second only to internet ticketing. Notably, the demand for online food orders surges during peak periods such as holidays and festivals, highlighting the increasing popularity of dining on trains.
Since 2018, hoteliers have been vocal about their concerns that this tax variation is causing a decline in restaurant footfall, as customers opt for standalone restaurants to leverage tax advantages.
The collaboration between these hotels and local suppliers will contribute to Ayodhya's overall growth. The decision by Radisson, Taj, ITC, and Cygnett to open luxury hotels in Ayodhya shows that the city is becoming more popular among tourists.
As part of this collaboration, IRCTC has initiated a Proof of Concept (PoC) at five prominent railway stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi.