Are you a British luxury brand interested in exploring the opportunities that the vibrant luxury Indian market has to offer?

The Department for Business and Trade (DBT) is delighted to announce its first “Luxury Retail Festival” in Mumbai, India.

British luxury retail brands have the opportunity to join us for a five day festival that will coincide with UK National Day Celebrations in Mumbai, India.

This mission is aimed at ambitious luxury brands, iconic, heritage and emerging, looking to explore a retail footprint, or expand their presence in the world’s fastest growing major economy’s luxury market. It will provide an exclusive platform to showcase your brand, to discerning and affluent consumers, potential buyers, influencers, marketplaces and commercial partners in the region.

• India’s real GDP is expected to grow at more than 6% every year between 2023 and 2028, according to Goldman Sachs Research. The wealth of affluent Indians is rapidly growing and according to the report titled “The rise of Affluent India” this cohort of affluent consumers will increase from around 60 million in 2023 to 100 million people by 2027.

• According to the Wealth Report 2024 by global consultancy Knight Frank, the number of ultra-high-net-worth individuals (with a net worth of over US$ 30 million) is projected to increase from 13,263 in 2023 to 19,908 by 2028.

• In 2023, India witnessed a 6.1% annual rise in the UHNI population compared to the previous year, reaching 13,263 individuals. Moreover, the counts of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) are also expected to experience significant growth in the next five years. 

Luxury brands are invited to express interest in this exclusive opportunity. We are keen to hear from brands currently exporting to India and looking to grow, along with those with an interest in exploring store openings, JV's or licence agreements.

Together with the British High Commission in India, we will provide the opportunity to build networks and maximise brand exposure, with a programme to include:

• A Luxury Summit, with market experts and business leaders, along with the opportunity to take part and speak at panels sessions focusing on innovation and collaboration.

• A three day luxury pop-up showcase, with an audience of exclusively invited discerning and affluent Indian consumers, luxury business leaders, influencers and media.
• Increase your knowledge of the Indian market and establish new connections with exclusive networking opportunities with potential business partners. 
• The opportunity to showcase at UK National Day Celebrations, along side other British Luxury brands already successfully established in market.
• Pre-departure session with subject matter experts, on planning a go to market strategy, company formation, local business culture and regional consumer insights.
• DBT specialists on hand throughout the visit.
• Be part of UK Government's first of it's kind campaign 'UK-India Alive with Opportunity' aimed at showcasing the strengths of the UK-India relationship.

Travel, accommodation and sustenance will need to be covered by delegates, along with any sample shipping costs. Spaces are very limited and will be offered through final invitation only.

To apply please register your interest below:  expressions of interest will close on Feb 1st 2025 at 23:00. Please note that the previous date published is now subject to change and will be confirmed for Spring 2025. By registering your interest you will be contacted via email with the revised date.