Sanjiv Mehta-led L Catterton India eyes proprietary deals as consumer market expands

Historically, the pure purchase of luxury items within the country has been through people buying items from places like New York, Milan, Paris, London, and Dubai, he said. “But now, thanks to the Free Trade Agreements (FTAs) that India is entering, I believe this will facilitate the sale of luxury items in the country. Over the next 10-15 years, I would expect the luxury market in India to have firm roots,” Mehta explained.