Following investments in traditional Indian attire by rivals, including Tata Group and Aditya Birla Fashion and Retail (ABFRL), Reliance Retail plans on launching a chain of stores in the space under the name Avantra, India Times reports.
The move will reportedly see Avantra unveil mid-size stores with a value-oriented offerings of items such as kurti and sari, sources told India Times, to coincide with India’s wedding season. While Tata Group’s jewellery brand Tannishq has recently moved into the segment, ABFRL has acquired stakes in local designers like Sabyasachi and Tarun Tahiliani.
Though younger Indians are driving growth for global fashion brands selling Western apparel to the market, traditional attire still reigns supreme and makes up 71 percent of India’s womenswear market, according to Technopak Advisors.
(Except for the headline, this story has not been edited by The Technology Express staff and is published from a syndicated fee)
