![]() Financial Daily from THE HINDU group of publications Friday, Sep 05, 2003 |
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Marketing
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New Products & Services Kian enters Indian market Our Bureau
A view of Kian furniture exhibition at Bombay stores in Bangalore. G.R.N. Somashekar
Bangalore , Sept. 4 KIAN, a Malaysian range of furniture has entered the Indian market. Launching the range in Bangalore, Mr James H.H. Ng, CEO and President, Kian Furniture, said, "We're targeting the middle class in India. `Lifestyle within reach' is going to be our USP." According to the CEO of Kian India, Mr Ramesh Dugar, "India is ready to take the change in lifestyle and so we decided to bring it here." Though Kian Malaysia has been exporting its furniture to 100 other countries in the world, this is the first time; it has set up an exclusive store outside Malaysia. The opening range, called Cameron, is a signature range reminiscent of the British Colonial period in India. "This range is designed and made in Malaysia, but soon we want to start offering ethnic Indian designs." Kian Furniture is a $30-million company manufacturing set ups in Indonesia, China and Malaysia. The company is also looking at launches in other cities in the country, "probably through a tie-up with malls or big stores," says Mr Dugar. Kian furniture, priced between Rs 10,000 and Rs 35,000 is designed to suit both residential and commercial needs, feels Mr Dugar. Starbucks, Coffeebean, Pizza Hut, KFC and Arrios are some of Kian's international clients. The Indian furniture market is estimated at Rs 35,000 crore. "And 75 per cent of this is in the unorganised sector," says Mr Dugar.
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