GM - Projects & VM United Colors of Benetton
In Retrospect: 2012
The impact hasn’t been negative; it has been positive in 2012. We expanded, acquiring a growth rate of 37%. We ventured into multi brand outlets, though not into the conventional ones but into more alternative retail.
Arrival of FDI
We can assume that it will have a positive impact on Indian retail design. The gap between the local and the international will lessen and there will be no more demarcation between the products launched in India and Europe. India will also experience a ‘contemporarization’ of design. Apart from this, we will see the entry of good suppliers from Europe as currently our suppliers don’t have the right infrastructure. Newer and innovative ways of presenting furniture would also be introduced.
Looking Ahead: 2013
If you forget your roots, you not only loose your identity but also your opportunity for growth. So, by not promoting your handicrafts, which is your strength, you might just lag behind as an Indian company. Weaving in these handicrafts in the right way could not only create an edge for ourselves, but can also benefit our artisans.