India Luxury Market
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With the introduction of Indriya earlier this summer, Aditya Birla Group—one of the biggest corporations in India with a $100 billion market capitalization—entered the nation’s developing jewellery market.
With the introduction of Indriya earlier this summer, Aditya Birla Group—one of the biggest corporations in India with a $100 billion market capitalization—entered the nation’s developing jewellery market. The Mumbai-based group plans to contribute Rs 5,000 crores to the project.
“In the past 5 years, the share of branded jewellers has increased from 20% to 40%, whereas it took several decades to reach the initial 20%. A group like ours can add value when the industry is healthy, growth-oriented and runs with great business practices, which is why now is the right time for us to enter the Indian jewellery market”, he says
Shilpa is a world renowned journalist and an expert in decoding India and Asia’s luxury markets for global readers. Her original, in-depth reports and analysis are frequently featured in prestigious international titles across the UK, China, Hong Kong, Switzerland, and Oman.
India is cutting import duties on many luxury goods; cars, watches, cosmetics & wines through new trade deals with the EU, UK, UAE, Switzerland and Australia. Lower taxes will boost demand of foreign luxury goods in India, encouraging more global brands to enter and expand in the market.
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India is significantly reducing import duties on alcoholic beverages and liquor – premium wines, whisky, beer, rum, vodka and tequila – as part of new trade deals with the UK, EU, Australia, New Zealand, Switzerland and Finland. See which major alcobev brands and spirits will benefit the most.
His watches are priced at an average $100,000 and yet attract a long waiting list of buyers. Even Chanel has acquired a stake in his company. He has won every major watch industry award in the world. Meet Maximilian Büsser, the Swiss-Indian watchmaker and founder of the unconventional watch brand MB&F
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