Luxury heads converge in Delhi
Experts and top industry officials from across the world will meet from today for the Mint-Hindustan Times Luxury Conference to discuss the relevance of premium brands and high-end trends in India’s booming market, reports Vinod Nair.business Updated: May 08, 2008 19:04 IST
Experts and top industry officials from across the world will meet from today for the Mint-Hindustan Times Luxury Conference to discuss the relevance of premium brands and high-end trends in India’s booming market, and its opportunities and challenges.
The two-day meet, the third such organised by HT Media Ltd, will focus on Mystique of Luxury and will be inaugurated by Minister for Commerce and Industry Kamal Nath. Experts will address a wide spread — from fashion and accessories to hospitality, fine interiors, travel, gourmet cuisine and intellectual property rights at a time when the luxury market in India is poised to touch $30 billion by 2015 as people become richer and more conscious of international brands.
HT Media Ltd was the first to spot this emerging trend that resulted in the launch of this annual meet in 2006, according to Shobhana Bhartia, the company’s Vice Chairperson and Editorial Director.
“The demand for luxury products is on the rise; the retail environment is getting busier with the emergence of high-end malls; and India will soon be one of the most promising retail destinations for luxury goods in the world. This segment will bring in more revenue to the exchequer by way of taxes even as it meets the growing consumer demands,” she said.
The last two conferences hosted the top brass from the best known luxury houses — brands such as Louis Vuitton, Gucci Group, Chanel, Ermenegildo Zegna, Hermes, Asprey & Garrard, Kenzo, Gieves & Hawkes and Lladro. This year will have more: Mark Lee, CEO, Gucci; Andrea Perrone, CEO, Brioni; Vittorio Missoni, chairman, Missoni and vice chairman, CNMI (Milan Fashion Week); Armando Branchini, managing director, Altagamma; Alain Coblence, leading corporate and IPR lawyer, Frank Zambrelli, president & creative director, Leiber; Paolo Canali, sales and marketing director, Canali; Joseph Wan, CEO, Harvey Nichols; Andrea Bonardi, managing director, La Perla; and Andrea Illy, chairman, Illy Café, among many other speakers from India and abroad.
An AC Nielsen study says India is among the three top brand-conscious countries in the world. We throw open the gates of luxury to you: stay with us as we go up the value chain.