Development of Floating restaurant at Sabarmati riverfront
Tourism Government of Gujarat Contents
Project Concept 3 Market Potential 4 Growth Drivers 5 Gujarat – Competitive Advantage 6 Project Information 8 - Location/ Size - Key Players/ Machinery Suppliers - Infrastructure Availability/ Connectivity - Raw Material/ Manpower - Key Considerations Project Financials 13 Approvals & Incentives 14 Key Department Contacts 15
Page 2 Project Concept
About riverside floating restaurant
A riverside restaurant or a floating restaurant is usually a restaurant built on a large flat steel barge floating on water. Some times retired ships are also refurbished and given a second term as a floating restaurant. Some of the floating restaurants in India are- 1. Majastique-1 operated by Majas Travels, Tours and Logistics at Kochi 2. Flor Do Mar operated at Morjim Beach, Goa A revolving restaurant or rotating restaurant on the other hand is usually a tower based restaurant eating space designed to rest on the top of a wide spherical rotating base that operates as a large turning table. The building remains stationary and the diners are seated on the revolving floor with all the other basic restaurant features in place. The main aim of such restaurant is to provide a scenic view to its diners from a height. About Sabarmati riverfront
Sabarmati river has been an essential component in of daily life in Ahmedabad since when the city was established in 1411 along the river side. Apart from being an essential source of water, it provides a view of cultural activities and historic significance of various events. During the dry seasons, the fertile river side became a good farming land. In modern times, it also offered meeting spot for different informal economic activities and markets. In the due coarse of time, the intensive usage of the riverside took its toll on the beauty of the river front. The Ahmedabad Municipal Corporation (AMC) formed Sabarmati Riverfront Development Corporation Ltd (SRFDCL) in May 1997 funded by Government of India with an estimated capital of INR 12 billion for riverfront development. Environmental Planning Collaborative (EPC) prepared the feasibility report in 1998. In 2003, the project was planned to cover a 11.25 km stretch of the riverfront and reclamation of 202.79 hectares (501.1 acres) and was put on fast track. Construction on ground started in 2005 and majority of the planned infrastructure was completed by 2012 and was opened to Public the same year. Page 3 Market Potential
Indian Restaurant Industry Overview
Restaurant Industry composition 2015
3% 32% 45% 12% 7%
Fine Dining Casual Dining Quick services restraurants Cafes Others
Quick Service Restaurants (QSR) and casual dining are the two most popular formats that form 45% and 32% of the overall market respectively.
Favourite outdoor activity Restaurant market in India is mostly led by unorganised segment in 2015 and even though in the future it will decline significantly over the next 4-5 years, it is likely to remain 10% 18% more than 60% of the market.