Indian Luxury Market — The fascinating story 

   Sep 30, 2010

Indian luxury goods market which was valued at US$ 4.3 Billion in 2007 (according to India Luxury review) has grown
manifold. Indian economy has one of the highest disposable incomes and 126,000 HNIs (High Networth Individuals)
and another 3 million households earning above 10 lakhs also ready to consume luxury. The base is huge and the
market ripe.

Keeping the changing trend in mind related to luxury retailing and to address the key issues affecting the industry, CII
is organizing the second edition of its Luxury Goods Forum, on October 7, 2010 as part of the Commonwealth
Games Business Forum. This forum will aim at fostering cross-country collaborations and propose a way forward to
make the luxury retailing sector grow further and faster in India. This will be inaugurated by Mr. Jyotiraditya Scindia,
Minister of State for Commerce and Industry and will conclude with a fashion show.

This forum will deliberate on Opportunity for luxury in India, India as a luxury tourism hub, Collaborations in business
—new frontiers, and Role of media.

The forum gains importance especially as there is a likelihood of opening up of retail sector which shall undoubtedly
give a major fillip to the luxury market in India.

CII - A.T. Kearney have also done a study which will provide new insights on how to succeed in the luxury industry in
India. This report will highlight Profile of the unique and mysterious Indian luxury consumer, inform if there is a market
for luxury beyond Delhi and Mumbai, elaborate on price consciousness and badge consciousness.  Is the consumer
still likely to shop overseas?. It will also tell about the Indian Luxury Market Size: How big is the market and how fast
has it grown? How much has the luxury products market grown over the last four years ago? How did the Indian
luxury market respond to the recession of 2009? The numbers tell a fascinating story.

The CII – A.T. Kearney report will also address latent demand and growth potential, growth challenges – obstacles or
opportunities and critical success factors and action agenda. The Indian Luxury Market Study, 2010 will provide these
compelling answers to these critical questions.

According to Mr Sanjay Kapoor, Chairman, CII Luxury Goods Forum & MD, Genesis Luxury Fashion Pvt. Ltd, "The
luxury Industry in India has shown very promising growth over the last couple of years and is set to grow at a
minimum of 25% per year over the next few years with India emerging as a luxury shopping destination. We have the
right environment in place for International luxury brands to have a retail presence across our major metros. I feel we
are at the threshold of a great expansion and it is indeed encouraging to be part of this new drive.”

The CII Luxury Goods Forum will see coming together of some major global luxury brand owners like Mr John Hooks,
Deputy Chairman, Giorgio Armani; Mr Marco Bizzarri, CEO, Bottega Veneta; Mr Stefano Canali, Direttore Generale,
Canali; Mr James Greenfield, CEO, Kenzo  to name a few. The high-powered event will bring together the best
professionals in the luxury business with immense scope for cross-country investments, and partnerships.

Keeping the changing trend in mind related to luxury retailing and to address the key issues affecting the industry, CII
is organizing the second edition of its Luxury Goods Forum, on October 7, 2010 as part of the Commonwealth
Games Business Forum. This forum will aim at fostering cross-country collaborations and propose a way forward to
make the luxury retailing sector grow further and faster in India. This will be inaugurated by Mr. Jyotiraditya Scindia,
Minister of State for Commerce and Industry and will conclude with a fashion show.
This forum will deliberate on Opportunity for luxury in India, India as a luxury tourism hub, Collaborations in business
—new frontiers, and Role of media.

The forum gains importance especially as there is a likelihood of opening up of retail sector which shall undoubtedly
give a major fillip to the luxury market in India.

CII - A.T. Kearney have also done a study which will provide new insights on how to succeed in the luxury industry in
India. This report will highlight Profile of the unique and mysterious Indian luxury consumer, inform if there is a market
for luxury beyond Delhi and Mumbai, elaborate on price consciousness and badge consciousness.  Is the consumer
still likely to shop overseas?. It will also tell about the Indian Luxury Market Size: How big is the market and how fast
has it grown? How much has the luxury products market grown over the last four years ago? How did the Indian
luxury market respond to the recession of 2009? The numbers tell a fascinating story.

The CII – A.T. Kearney report will also address latent demand and growth potential, growth challenges – obstacles or
opportunities and critical success factors and action agenda. The Indian Luxury Market Study, 2010 will provide these
compelling answers to these critical questions.

According to Mr Sanjay Kapoor, Chairman, CII Luxury Goods Forum & MD, Genesis Luxury Fashion Pvt. Ltd, "The
luxury Industry in India has shown very promising growth over the last couple of years and is set to grow at a
minimum of 25% per year over the next few years with India emerging as a luxury shopping destination. We have the
right environment in place for International luxury brands to have a retail presence across our major metros. I feel we
are at the threshold of a great expansion and it is indeed encouraging to be part of this new drive.”

The CII Luxury Goods Forum will see coming together of some major global luxury brand owners like Mr John Hooks,
Deputy Chairman, Giorgio Armani; Mr Marco Bizzarri, CEO, Bottega Veneta; Mr Stefano Canali, Direttore Generale,
Canali; Mr James Greenfield, CEO, Kenzo  to name a few. The high-powered event will bring together the best
professionals in the luxury business with immense scope for cross-country investments, and partnerships.