Taking India to the world
Business Standard|December 31, 2024
For all its heritage and craftsmanship, the country has produced only a handful of global brands. But a new generation of creative entrepreneurs is changing that
VEENU SANDHU & AKSHARA SRIVASTAVA
Taking India to the world

Just before the turn of the century, in 1999, a young designer named Sabyasachi Mukherjee launched his eponymous label. Working out of his hometown, Kolkata, he set out to revive Indian textiles, weaves and techniques—all with a staff strength of three. It wouldn't be long before he would debut at Milan Fashion Week, the first Indian designer to do so.

Twenty-five years on, Sabyasachi is one of the most recognizable brands from India, having displayed his jewellery at Bergdorf Goodman in Manhattan, and collaborated with names such as Estée Lauder, Christian Louboutin and Pottery Barn, and with presence in Dubai and New York. Among the celebrities who have donned his creations are Jennifer Lopez and Rihanna.

He is, however, not the only global brand to have come out of India. The country, known for its "atithi devo bhava (guest is god)" tradition, has given the world some of its strongest hospitality brands in Taj and The Oberoi.

Taj's foray beyond Indian shores, though, happened much earlier, in 1980, when it opened the Taj Sheba Hotel in Sana'a, Yemen. Then it went on to acquire a stake in the St James' Court Hotel, since rebranded as St James' Court London, A Taj Hotel. And in 2024—its 120th year—Taj was adjudged the world's strongest hotel brand by Brand Finance, a London-based valuation and strategy consultancy. It held this title in 2021 and 2022 as well.

India's global brand story, though, is just about starting.

The country is still a while away from having its own Louis Vuitton (LV), Hermès, or Chanel-though earlier this year, during a panel discussion at the inaugural edition of Business Standard's 'Manthan' summit in New Delhi, Alexis de Ducla, founder of Alexis de Ducla International LLP, a distributor for French luxury brands, had said, "The next Chanel will be from India." Chanel, incidentally, has a British-Indian woman steering it-Leena Nair.

This story is from the December 31, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 31, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
As Mumbai Marathon Turns 20, Brands Dash to Finish Line
Business Standard

As Mumbai Marathon Turns 20, Brands Dash to Finish Line

By the time the sun had cast its vibrant glow across the Maximum City, Mumbaikars were up and running.

time-read
2 mins  |
January 20, 2025
AI strategy in action, critical to our success'
Business Standard

AI strategy in action, critical to our success'

DEBASHIS CHATTERJEE, chief executive officer and managing director of LTIMindtree, said that the company's artificial intelligence (AI) strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is delivering results for both the firm and its clients. In a video interview with Shivani Shinde following the company's 2024-25 (FY25) third-quarter (Q3) results, he shared insights on the outlook for 2025-26 (FY26), the role of AI in efficiency-driven deals, and the state of discretionary spending. Edited excerpts:

time-read
2 mins  |
January 20, 2025
Tesla Rival VinFast readies India drive for export hub
Business Standard

Tesla Rival VinFast readies India drive for export hub

EV major plans first stop in Tamil Nadu

time-read
2 mins  |
January 20, 2025
India not too perturbed by Trump's disruptive agenda
Business Standard

India not too perturbed by Trump's disruptive agenda

Today, Donald Trump, well known for his discomfort with global rules that constrain unilateral actions by individual countries, will be sworn in as the 47th President of the United States of America, a country that has played a leading role in developing internationally accepted rules in various spheres, especially since the end of the Second World War.

time-read
2 mins  |
January 20, 2025
Commercial realty: Growing demand but limited supply
Business Standard

Commercial realty: Growing demand but limited supply

Buoyed by a rise in demand and absorption, India's commercial real estate landscape for the top nine cities, including four metros, showed dynamism in 2024 amid resilient economic growth.

time-read
1 min  |
January 20, 2025
Walking with allies: Bihar's Budget demands loom large
Business Standard

Walking with allies: Bihar's Budget demands loom large

If it was Andhra Pradesh last Budget, it's poll-bound Bihar that has now turned to Centre with a list of demands. ARCHIS MOHAN explains how the NDA government is delivering on promises

time-read
3 mins  |
January 20, 2025
Guns in Gaza fall silent as truce begins, finally
Business Standard

Guns in Gaza fall silent as truce begins, finally

Three hostages arrive in Israel as fragile ceasefire takes hold after 3-hour delay during which Israeli warplanes and artillery pounded Gaza, killing 26

time-read
2 mins  |
January 20, 2025
Business Standard

Scaling large & midcap peak, leaving rivals at base camp

UTI Large & Mid Cap Fund, launched in May 2009, has consistently ranked in the top 30 percentile within the large and midcap fund category of the CRISIL Mutual Fund Ranking (CMFR) for four consecutive quarters up to September 2024.

time-read
1 min  |
January 20, 2025
Business Standard

Current environment conducive for pvt investments: CII survey

Nearly three-fourths of firms taking part in an industry survey have said that the current economic environment is conducive to private investment.

time-read
2 mins  |
January 20, 2025
Fireworks before big bang Monday
Business Standard

Fireworks before big bang Monday

United States President-elect Donald Trump has returned to Washington DC for his second presidential inauguration on Monday. He will be sworn in as the 47th president of the US, alongside JD Vance, who will take oath as vice-president.

time-read
2 mins  |
January 20, 2025