Indigo Nation’s Goals: To be Rs 250 cr brand in five years
By FashionUnited
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Commenting on FDI in single brand retail, Naiknavare says, “Global chains like Adidas, Nike, Guess, which have either a JV or partnerships in India will have full control on ownership. However, if the Indian retail players are strong, these global chains can face strong competition to them. Moreover, India though influenced by western culture has its own cultural hold… and global chains can not pose a threat to such retail, which is highly influenced by the essence of Indian culture.”
He believes that by 2020, convenience will be the key. “All under one roof or shopping destinations rather than standalone flagship stores will be the order of the day. Online shopping will boom for products where tangibility or shopping experience takes a backseat over convenience. There will be an end of mass production and production would move towards the new paradigm of customization, personalization, intelligent production, logistics and distribution,” he adds.
Currently, the collections are retailed through 50 EBOs and over 200 MBOs spread across India. The brand is also available in the Middle East and plans to expand its reach overseas apart from focusing on expansion in Tier II cities through franchisees. The collection is also stocked on e-platforms like Myntra, Fashion & You, Future Bazaar and Snapdeal.com.
Indigo Nation
Indus League Clothing