Home / Knowledge / News / Apparel/Garments / Italian luxury brands stitch plans to enter Indian market
Italian luxury brands stitch plans to enter Indian market
05
Feb '13
Several Italian brands, including Moschino, Alberta Ferretti, Byblos and Scorpian Bay, are stitching up plans to enter the Indian luxury market by collaborating with local companies.
 
In a conversation with fibre2fashion, operations manager-Luxury Connect, Mr. Akshay Gupta said, “Several Italian brands such as Moschino, Alberta Ferretti, Byblos and Scorpian Bay are planning to enter the Indian luxury market.” 
 
“We are providing consultancy services to these companies in searching potential partners in India and also developing entry strategy to the country’s luxury market,” he informs.
 
Talking about the Indian luxury market, he says, “According to industrial estimates, India’s luxury market is expected to touch US$ 14.73 billion by 2015 from an estimated US$ 8.21 billion in 2012.”
 
“With an ease in foreign direct investment (FDI) norms, many companies are now planning to enter Indian luxury market,” he adds.
 
According to him, India being one of the fastest growing economies is also a reason for many international brands planning to enter the Indian market.  
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search