An overview of the HT Media Luxury Conference
The luxury conference is a part of HT Media's commitment to the pursuit of excellence and to catalyse growth of the luxury market in India.business Updated: Mar 30, 2007 02:21 IST
The second HT Media Luxury Conference is scheduled on March 30 and 31, 2007 in New Delhi.
A premium and an exclusive event, the first HT Media Luxury Conference was held in January 2006 as part of HT Media's commitment to the pursuit of excellence and to catalyse the growth of the luxury market in India.
The rise of disposable incomes has led to the firming up of the luxury segment and India is now a key market to invest in high-end brands.
The Indian Government's announcement, shortly after the conference, to allow 51% FDI in retail for single brand stores was a step towards making the environment conducive for investments.
KSA Technopak, in its report "India Luxury Trends 2006", estimates that the luxury segment is worth $444 million, spanning across 1.6 million high-income households with an earning capacity of Rs. 45 lakh (approximately $100,000) annually. These high-net worth households are growing at 14 per cent annually and are spending nearly $9,000 per annum on luxury goods.
The conference seeks to bring together global leaders in the world of fashion, design and lifestyle and policy makers in the Indian Government to discuss the state of Indian market, debate the way ahead for luxury retailing in this country and hear success stories from some of the world's biggest names.
The theme for the Hindustan Times Mint Luxury Conference 2007 is 'India : Captivating the World' and will be inaugurated by Mr Kamal Nath, Minister for Commerce and Industry and Ms Christine Lagarde, Minister for Trade, France. Some of the most well known luxury house representatives have graciously agreed to be a part of the conference.
HT Media is holding the conference jointly under the aegis of its flagship English daily Hindustan Times and its new business daily, Mint, for which HT Media has partnered with the Wall Street Journal. The conference will be covered widely in India and abroad.