Alcott plans India R&D centre for global market

Alcott plans India R&D centre for global market
PTI
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First Published: Tue, Jul 28 2009. 04 08 PM IST
Updated: Tue, Jul 28 2009. 04 08 PM IST
New Delhi: Italian premium fashion wear brand Alcott is looking at sourcing its collection from India and plans to open a design and research and development (R&D) centre in the country by 2010 for this purpose.
The company, which entered India last year under a franchise agreement with realty player DLF’s retail management arm DLF Brands, is also planning to ramp up retail operations and launch its kidswear collection in the country this year.
“We are considering India as a sourcing option for our global market. Our target is to have a design and R&D centre in the country by next year,” Alcott chairman Salvatore Colella said.
He said that though the company might not open its own production facility in India, it is likely to go for outsourcing of the manufacturing process.
Colella, however, did not divulge the company’s investment plans or details regarding the likely location of the design and R&D centre.
Alcott, which has opened three exclusive outlets in Delhi NCR, is also ramping up its retail business with plans for opening 20 stores across the country by 2010.
“We have big cities like Hyderabad, Mumbai and Chandigarh in our radar. This year, we will take our total number of stores to 11 and we plan to have 20 outlets across India by 2010,” Colella said.
Alcott is also planning to introduce kidswear range in the country by September.
“Our casual men’s and women’s wear segments have done good in the market and so we are now expanding into the kids category also,” he added.
Alcott brings out a collection of 330 styles of its ladies collection in every season and around 290 styles in the men’s wear segment.
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First Published: Tue, Jul 28 2009. 04 08 PM IST