India has proved be attractive market over the years
Global brands are making a return to India! In the last 10-15 years, we’ve seen several international giants shutting down operations in India due to market challenges. But these brands are returning, Why? The simple answer is India's massive market potential and economy growth. From Ford Motor Company re-entering after its 2022 exit, to Harley-Davidson Motor Company teaming up with Hero MotoCorp, and SHEIN partnering with Reliance Retail – it’s clear that foreign brands don’t want to miss the opportunity to tap into India’s booming economy. Even Carrefour, which exited in 2014, is planning a comeback in a new format. Not just this, global names like Giorgio Armani Cafe, Old Navy, ASOS.com, TENDAM, KIABI and many more are entering India in 2024-25, further cementing India’s position as a lucrative and essential destination for global businesses. However, navigating the challenges of policy inconsistencies remains key for long-term success. Central and State governments are woking on policies to make it easy for big brands to do business in India. #globalbrands