IWG Plc is taking a 2 -pronged approach to growth in India , according to country manager Lambah : organic growth, acquisitions and franchising. India has around 200 co-workspace providers, not all of which have the funds to expand, Lambah said, and he predicted closures and consolidation in the sector. Plans for the franchising business include finding a single partner to take a master licence for the whole country, or a number of partners each taking a different region or state. They were all expanding, setting up their operations; now what is happening is consolidation. The company currently has 2 centres across 16 cities in India , including tier 120 cities which Lambah said have been very successful.
IWG Plc is taking a 2 -pronged approach to growth in India , according to country manager Lambah : organic growth, acquisitions and franchising. India has around 200 co-workspace providers, not all of which have the funds to expand, Lambah said, and he predicted closures and consolidation in the sector. Plans for the franchising business include finding a single partner to take a master licence for the whole country, or a number of partners each taking a different region or state. The company currently has 2 centres across 16 cities in India , including tier 120 cities which Lambah said have been very successful.