Financier and fashion designer Martin Lewis, whose design and manufacturing empire has grown from a single store in the East End of London to a sprawling portfolio of brands including Calvin Klein, Tommy Hilfiger, and Gucci, said he had a “special connection” with India’s growing luxury clothing industry.
“I’ve been involved in India for over a decade, and I’m proud to be a part of this country’s growing fashion industry,” he said.
“It is a huge and unique industry.
The world’s number one luxury apparel brand is Fendi.
So the only thing Fendi can do is create the best of the best.” “
There are so few high-end, premium, designer-end clothes that you can buy in India.
So the only thing Fendi can do is create the best of the best.”
Mr Lewis is a global leader in luxury fashion and has designed the collections of brands like Calvin Klein and Guccifer and is currently developing a range of high-fashion clothing for women.
He said his brands had been in a “tipping point” over the past decade, where the demand for high-quality clothes in India was “outstripping supply” in the country.
“As a result of this, the price of high end luxury clothing in India is not going up but is actually going down,” he told the Business Line programme on Sunday.
“In other words, India is going to have to find its own way of doing it.”
India’s fast-growing fashion industry has been in the news this year after the death of designer and model Priyanka Chopra, who was shot dead in India’s capital city of New Delhi in December.
A week later, a video surfaced of Ms Chopra’s ex-husband allegedly raping her.
The murder has prompted calls for tougher laws in India, but the country’s new Prime Minister, Narendra Modi, has been less vocal about tightening the countrys strict laws on alcohol and drug abuse.
Mr Lewis said he was not aware of any other foreign companies investing in India in the last few years.
“We don’t know who is investing in this country.
It’s not a foreign company,” he added.
“But if we do, it’s going to be big.
The only thing we know is the Indian government is trying to make things more difficult for foreign companies.”
“We’ve got to have a lot of fun with this,” he explained.
We have a long history of doing this in India.” “
India has a fantastic consumer base.
We have a long history of doing this in India.”
Mr Osborne said his company was focused on the “big picture” of building a brand that was “well-rounded”.
“We want to be able to support the Indian consumer and support the growing Indian fashion industry in the future,” he stressed.