Luxury Brands Are Cautious About Entering The India Market.

According to recent reports in India media, luxury brand manufacturers are cautious about investing in India because of more government controls and lack of corresponding infrastructure.

According to the Boston Consulting Group (BCG) study, the market value of luxury goods in India is about $14 billion, but the luxury goods manufacturers are cautious about the India market.

Armando Branchini, vice president of the Altagamma foundation, said that Italy now has 17 luxury brands in India, but the number has not changed since 2005.

The Altagamma foundation has gathered many prestigious Italy luxury brand enterprises.

He said that unless the investment environment in the India market has improved, he expects no new Italy retailers to invest in India.

In the Asia Pacific region, India is one of the highest tariff countries, up to 38% and only 17% in mainland China. Hongkong and Singapore do not accept tariffs.

Charlotte Keesing, head of Walpole British Luxury, said there are 4 different taxes in India, which are very complicated.

Maybe this is right.

The economy is beneficial, but it is a barrier to trade.

India also has requirements for foreign retailers investing in a single brand.

Traders must purchase 30% of the goods from local manufacturers in India.

One reason manufacturers are cautious.

Keesing also said that 8 years ago, the Chinese and India markets were both well placed by luxury brand manufacturers, but so far only China is the engine of its growth.

Only 18 of the 90 luxury brands in the UK are sold in the India market, and fewer than 12 brands will enter India in the next two years.

According to the world bank's Ease of Doing Bsiness 2015 in 2015, India's ranking fell by 2 to 142.

The World Bank ranks the markets of 189 countries every year. Although India has improved in some areas, other countries are doing better than India, so India's ranking has declined.