LAUNCH: Carpet maker Tai Ping spots an opportunity in India. |
China is not what comes to mind when you sink your heels into a plush carpet, be it at a luxury hotel, multinational corporate office or someone's home. Tai Ping could soon change that "" if not at the retail level, then in the institutional segment. |
The Chinese carpet maker has tied up with Patodia Contract, one of India's largest manufacturers and exporters of hand-made carpets; and with a showroom in Gurgaon, the alliance is set to target the hospitality and construction sectors with contract floor-covering offers. |
Tai Ping, the brand, has a Chinese ring to it. But the company, headquartered in New York and listed on the Hong Kong stock exchange, is a consummate multinational, with operations in 14 countries. |
The current plan is to explore the Asian markets further, for which the company has invested "approximately half a million US dollars with Patodia Contract for the joint venture in India", in the words of James Kaplan, CEO, Tai Ping Carpets International. |
Tai Ping Contract, the Indian venture, will use the design capabilities of both companies, and will aim "to be a resource centre for carpet solutions through its biggest product profile, allowing diversity of product possibilities with its manufacturing advantage", according to Richard Morris, managing director, Tai Ping Carpets. |
One big opportunity lies in the global hospitality chains looking to start operations in India. "Tai Ping Contract wants to be at their doorstep," says Ravi Patodia of Patodia Contract. |
He hopes to give his retail outlet, Hands, a boost too. It will now have machine-made carpets too, while its own hand-made wares get bonus display at Tai Ping's overseas outlets. |
With its own spinning, dyeing and manufacturing bases, Tai Ping Contract claims to be price competitive. "The only thing we don't do is rearing our own sheep," quips Kaplan. |
Tai Ping already claims to have bagged deals worth $1 million in India in its first six months, signing contracts from the Taj Group of Hotels, Sahara Star Hotel and commercial projects with architect Hafeez Contractor. |
All this, even before the launch of its showroom. |
Globally, Tai Ping carpets a wide range of hotels, casinos and hospitals. With R&D, the company has developed anti-allergic, anti-microbial carpet fibres, and plans illuminated carpets too, for discos. |
In India, with competition from wood laminate flooring, now the flooring standard at luxury apartments, another challenge would be to re-emphasise the luxury of carpets. |