Ed­i­to­rial

The Luxury Collection - - Contents -

As I read the busi­ness pa­pers these days, I am re­minded of Win­ston Churchil, who said, “If you have ten thou­sand reg­u­la­tions, you de­stroy all re­spect for the law.” I am re­fer­ring to the re­cent pro­nounce­ment by the Gov­ern­ment to per­mit 100% FDI in sin­gle brand re­tail op­er­a­tions. While this is most heart­en­ing and wel­come, the prob­lem is that the law has been sad­dled with clauses that are clouded with am­bi­gu­ity, espe­cially the clause that man­dates 30% of the value of the prod­uct to be sourced lo­cally if the FDI is more than 51%. The Govt now says the cut­ting edge tech­nol­ogy and state of the art prod­ucts will be ex­empt from this stip­u­la­tion, but does not spec­ify how these cri­te­ria will be mea­sured and iden­ti­fied. Al­low­ing 100% FDI in re­tail will pro­vide enor­mous im­pe­tus to the lux­ury mar­ket, which mea­sures and mar­kets it­self on purely qual­i­ta­tive as­pects. So, one hopes that clarifications are is­sued sooner rather than later.

Mean­while, as we gen­tly drift from a hot­ter than ever sum­mer to a pos­si­bly wet­ter than usual mon­soon, the rest­less pere­grines among you may be al­ready cast­ing about for likely desti­na­tions for your win­ter va­ca­tion. The ear­lier the plan, the bet­ter the ex­pe­ri­ence, is an apho­rism that has proved its worth in the travel arena. And we have made it eas­ier for you to fi­nalise plans sooner by fea­tur­ing some of the finest op­tions to in­dulge your win­ter wan­der­lust in this is­sue of The Lux­ury Col­lec­tion. From the sunny climes of Brazil to the his­tor­i­cal won­ders of Ethiopia, we bring you a smor­gas­bord of hol­i­days to choose from.

The Deutsche Touren­wa­gen Mas­ters, or DTM races, as they are pop­u­larly known, are a pas­sion in Europe, espe­cially in Ger­many. Many driv­ers use this se­ries as a launch pad to jump­start their rac­ing ca­reers and en­ter a For­mula 1 team, as well. The world’s premier names, among them Mercedes Benz, Audi and BMW, face off against each other over sev­eral races spread over months and vie for supremacy. This is­sue brings you a spe­cial re­port on this year’s DTM sea­son, which is cur­rently un­der­way.

While on the sub­ject of cars, BMW is cel­e­brat­ing their cen­te­nary this year and what bet­ter way to do it than by launch­ing a new car? The BMW Vi­sion Next 100 car ba­si­cally presents a view of the fu­ture as seen by BMW, and be­lieve me, it is a fu­ture that I would give an arm to be a part of! Well, we have dis­sected the Vi­sion Next 100 for you right down to its fine minu­tiae, so that you can en­joy it vi­car­i­ously through these pages be­fore, per­haps, adorn­ing your home with it.

Fi­nally, be­fore I leave you to en­joy your is­sue of The Lux­ury Col­lec­tion, I would like to give you heads up on Art Bengaluru. This year’s edi­tion of In­dia’s premier in­ter­na­tional fes­ti­val of the arts will be held be­tween the 19th and 28th of Au­gust. More in­for­ma­tion will come to you in due course via the Art Bengaluru App, so if you haven’t down­loaded it al­ready please do so right away!

Happy read­ing and hap­pier shop­ping!

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