By  on April 1, 2012

MUMBAI, India — Diane von Furstenberg may have little in common with French shoe designer Christian Louboutin or executive director of Harrods Michael Ward, but all of them were here to discuss the $6 billion Indian luxury market at the Mint Luxury Conference.

A major concern was the announcement by the Indian government last November that requires brands that wholly own their single-brand stores in India to source 30 percent of their products from India. This condition implies that global brands that come into the country without a local partner would have to source at least a third of their materials from India.

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