Intentar ORO - Gratis
When Prada prices our heritage
Financial Express Chennai
|December 15, 2025
IT REVEALS GLOBAL APPETITE FOR INDIAN DESIGNS—AND INDIA'S FAILURE TO MONETISE THEM
WHEN LUXURY ITALIAN fashion house Prada showcased sandals resembling Kolhapuri chappals in its Spring/Summer 2026 men’s collection—selling them as luxury items without acknowledging their Indian origin or the artisans behind them—it triggered a swift backlash in India, including legal notices, social media outrage, and a public interest case.
Although Prada denied violating Geographical Indication (GI) rules, it later explored working with Indian artisans.
The controversy sparked a debate over foreign brands using India’s heritage and GI products, but it reveals a bigger issue: While Indian designs inspire global luxury markets, India rarely captures the premium value they generate.
Gls are meant to prevent precisely this. A GI certifies that a product originates in a specific place and derives its distinctive qualities, reputation, or characteristics from that geography. Climate, soil, traditional knowledge, and local craftsmanship all play a role.
Gls cover agricultural products, food items, natural goods, and manufactured products. In theory, they protect authenticity and ensure that value accrues to local producers. In practice, India’s GI system remains under-leveraged.
India today has around 650 registered GI products, a sharp increase since Darjeeling tea became the country’s first GI-tagged product in 2004-05. Yet the global comparison is sobering. The European Union has more than 3,400 GI registrations, spanning food, wine, and spirits, while China leads the world with over 7,200 GI products.
Esta historia es de la edición December 15, 2025 de Financial Express Chennai.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Chennai
Financial Express Chennai
SC upholds SIR, ‘breathes life’ into fair polls mandate
EC TOLD TO REFER DELETED NAMES TO ‘COMPETENT AUTHORITY’
3 mins
May 28, 2026
Financial Express Chennai
Cloud beyond cost savings
FOR MUCH OF the last two decades, conversations around cloud have largely centered on infrastructure.
2 mins
May 28, 2026
Financial Express Chennai
Ola Electric's second shot at q-comm, gig mobility
OLA ELECTRIC IS preparing to enter India’s fast-growing quick commerce and gig worker mobility market, marking a renewed push into the segment less than a year after shelving its affordable scooter plans aimed at gig economy workers.
1 min
May 28, 2026
Financial Express Chennai
Irdai's pay reform may not solve key issues: Insurers
INSURANCE INDUSTRY EXECUTIVES have welcomed the Insurance Regulatory and Development Authority of India’s (Irdai) move to link executive pay to customer outcomes but say the framework falls short of addressing deeper structural issues affecting policyholders.
2 mins
May 28, 2026
Financial Express Chennai
JSW Steel commences work on ₹65,000-cr Odisha steel plant
JSW STEEL ANNOUNCED the project commencement of its fully-owned greenfield Integrated Steel Plant at Paradeep, Odisha. The project, entailing an investment of ₹65,000 crore, represents one of the largest investments undertaken by the company.
1 min
May 28, 2026
Financial Express Chennai
Coal India OFS gets 8x bids
INSTITUTIONAL INVESTORS ON Wednesday lapped up Coal India shares, putting in bids worth about ₹19,000 crore, with the issue getting over-subscribed 8.14 times on the first day.
1 min
May 28, 2026
Financial Express Chennai
JPMorgan’s Dimon ‘on the lookout’ for next big deal
JPMORGAN CHASE & Co. Chief Executive Officer Jamie Dimon is on the hunt for his next big deal.
1 mins
May 28, 2026
Financial Express Chennai
Nvidia to invest $150 bn a year in ‘AI epicentre’ Taiwan
NVIDIA'S CHIEF EXECUTIVE said on Wednesday the chip company plans to invest around $150 billion a year in Taiwan, terming it the “epicentre” of the AI revolution and predicting it will be the world’s tech manufacturing hub for a long time.
1 min
May 28, 2026
Financial Express Chennai
ED raids houses of former Kerala CM Vijayan in money laundering probe
THE ENFORCEMENT DIRECTORATE on Wednesday conducted searches at the residences of former Kerala chief minister Pinarayi Vijayan and his family members as part of its money laundering probe linked to the CMRL case involving his daughter, officials said.
1 min
May 28, 2026
Financial Express Chennai
NSE-SUFI pact for derivatives of steel, other commodities
THE NATIONAL STOCK Exchange (NSE) has signed a memorandum of understanding with the Steel Users Federation of India (SUFI) to develop steel and other commodity derivatives ecosystem.
1 min
May 28, 2026
Listen
Translate
Change font size

