Hunter Douglas, the US$ 2.2 billion dutch window fashions major, through its 100% Indian subsidiary, will open 15 galleries, targetting the residential segment with its range of blinds and shades, in Hyderabad, Chennai, Ahmedabad, Pune, Kolkata, Chandigarh, and Lucknow this fiscal . In the next financial year, it ramp up to 50 galleries. The Rs. 45 crore indian subsidiary currently has galleries in Bangalore, Delhi and Mumbai.
With increasing incomes in India and exposure to other cultures, people are spending money on life style products. Hunter Douglas, which entered the Indian market with industrial products, decided to introduce some of its consumer products in India because these products were already coming to the country reports the Hindu Business Line.
One of the new trends in window covering is that people were going in for skylights and glassed-in balconies, which brought natural light into the room. Hunter Douglas has come out with blinds for the skylight, which are both manual and automatic.
The window covering market in India is estimated to be about Rs 150 crore, 40% of which is in the organised sector.