NEW DELHI: Italian luxury furniture and home decor maker Poltrona Frau is looking at India for ideas and raw materials even as it expands retail operations in the country.
The firm has roped in Indian designerSatyendra Pakhale to join its global design team and do a collection for Poltrona Frau, the most premium leather furniture brand in their portfolio, next year.
"We are not doing this to be relevant to India. We are doing this because we truly like different influences and ideas for all global markets," Dario Rinero, CEO of Poltrona Frau Group, told ET.
"We are also open to the idea of sourcing materials from India," he said. The 300-million-Euro group, which owns Poltrona Frau, Cappelini and Cassina brands, also plans to expand its retail presence in the country through its joint venture with Tata Group that runs Casa Decor furniture stores. Casa Decor opened its first showroom in Mumbai about three years ago, followed by one in Delhi. It plans to enter Bangalore, Kolkata, Hyderabad and Pune.
"The Tata joint venture will open and operate stores in the metro cities, but we are also open to the idea of setting up franchise stores in other cities," Rinero said.
"India is a place where we are investing and already collecting something (making money) and are happy with it. The turnover is growing every year, but compared to other Asian countries, it is a little lower," he said. In 2012-13, the Indian joint venture did sales of Rs 30 crore. Pakhale, who lives in Amsterdam, has trained at the IIT Bombay and Art Centre College of Design in Switzerland.