The Luxury Sector in India was worth $ 4.76 billion in 2009 and is pegged at a whopping $ 14.7 billion in 2015. In 2012 the luxury sector in India is set to see growth of 25%. India ranks 15th amongst the countries having the maximum number of high net worth (HNI) individuals and is second only to Hong Kong in terms of growth rate of this consumer segment.
According to a leading strategy research firm, India will be leading as the world’s fastest-growing market for luxury goods in 2012 overtaking China.
India recently announced 100% foreign investment in single-brand retail and 51% foreign investment in multi-brand retail. ASSOCHAM believes that these recent Government policy announcement and initiatives is going to further ensure rapid growth in the Indian Luxury Sector.
Sensing the opportune time ASSOCHAM, India’s Apex Chamber for Commerce & Industry along with YES Bank are organizing the India Luxury Summit- 2012 on Friday, 23rd November, 2012 at Taj Palace, New Delhi.
We are pleased to inform you that Italy is the Partner Country and Fondazione Altagamma, Milan and European Creative & Cultural Industries Alliance, Brussels are actively associating for INDIA LUXURY SUMMIT- 2012, ILS-2012.
India’s leading business magazine, Outlook Business and The Luxury Marketing Council are involved in promoting the ILS-2012.
There are Partnership opportunities available for THE INDIA LUXURY SUMMIT- 2012. The ILS- 2012 Brochure along with the Partnership details are enclosed for your consideration and an early confirmation.
For more details please contact: