is a project born out of pure passion for excellence and love of artisanship shared by Italy and India. For decades, the highly skilled Italian artisans had been serving unmatched services to luxury and fashion industry. The Objective behind this project is to match the two worlds together where in India is a diverse country with a great appreciation for quality and skills, and Italy has great skills to offer.
INDIA COUTURE PROJECT
is a brainchild of Italian Exhibition Group based in Italy and Luxury Marketing Co. based in Dubai to bring the Italian excellence to the tasteful India.
LUXURY FASHION MARKET IN INDIA
India is one of the countries which is embracing luxury at its best. The young, wealthy and fashion-conscious High Net worth Individuals are a growing segment in India and this makes it a highly lucrative market for luxury fashion brands.
US$7,864m
Revenue in the Fashion segment amounts to US$7,864m in 2018.
US$18,732m
Revenue is expected to show an annual growth rate (CAGR 2018-2022) of 24.2%, resulting in a market volume of US$18,732m by 2022.
US$6,185m
The market's largest segment is Apparel with a market volume of US$6,185m in 2018.
US$246,877m
In global comparison, most revenue is generated in China (US$246,877m in 2018).
*Source : Statista.com
LOCAL LUXURY IN INDIA
It’s an established fact that India is a lucrative market for Luxury Fashion, it is also imperative that the Local Indian Luxury Brands, dominated by Indian Ethnic wear is on the rise. The Cultural fact is that Festivals, Wedding or such kind of celebrations the Indian customer would sport a Indian Designer Wear rather than a Western designer wear, heavily influenced by Indian Cinemas. This is the reason why, the rise of many high end designers in India with extra ordinary collections.
The Indian textiles industry, currently estimated at around US$ 120 billion, is expected to reach US$ 230 billion by 2020. The Industry contributes approximately 2% to India’s Gross Domestic Product (GDP), 10 % of manufacturing production and 14% to overall Index of Industrial Production (IIP). Ethnic wear market to grow at 10% CAGR during 2018-2022.