Trademark Classification in India
27 Sep, 2023
You don’t need expensive business premises or property to open your restaurant anymore, as you can easily open your signature restaurant on wheels!
Food trucks are a fast-growing and trendy avenue in the Food Business in India. After establishing itself overseas, this is fast gaining popularity in India. According to research, in India, the food truck industry's total revenue in 2019 has increased to 11.5 crores rupees.
“The Food Trucks industry has expanded over the five years to 2019 and is one of the best-performing segments in the broader food-service sector”, quoted an official from the Ministry of Corporate Affairs, Indian Govt.
Owning a Food-Truck can be an innovative yet profitable venture. With a one-time investment of 10–20 Lakhs and earnings close to Rs 3,00,000 and daily earning of around 14-15,000 rupees, it can be a good option from a financial point of view. Some other benefits are:-
Low investment & low risk: As less as 10 lakhs INR
No property or land needed
Used for Catering as well as Promotional campaigns, events, and corporate functions
Explore different areas and target segments: Being mobile, it can be parked in the happening places like – Colleges and School Premises, Corporate Houses, Railway stations and Airports, Market Area, and many more.
An Indian citizen requires following a few legal steps while opening a food truck business. Apart from the business-related issues like purchasing the truck-cooking instrument and hiring people, the mandated license and lawful procedures are needed to be carried out by the food business owner.
Let us know about the required legal procedures:
Company Registration: Every business personnel operating in India is needed to register the company under the Ministry of Corporate Affairs (MCA) of the Indian Govt.
GST Registration: Along with the registration process for the entity, it is mandated to be enrolled in the Govt. taxation process with a GST Registration.
FSSAI Food License: Any Food Business Operator (FBO) is mandated to obtain an FSSAI Food License to ensure the hygienic quality for human consumption in the available sold food items.
Trademark Registration: This is something not mandated, but advisable to be a forerunner in the Indian food industry. A registered Trademark™ can protect your unique brand name, logo, slogan, and design with and helps to reach out to a larger mass of foodies.
India’s very own business solution platform, Online Legal India™ provides every essential assistance to the countrymen at one click. Here, the recommended Advocates, CAs, and Creative Minds seat together and afford the industry-standard supervision and guidance at the quickest of all.
Already being trusted by more than 1,20,000 happy and satisfied business individuals and entities, we would be your first choice while incorporating your food truck business.