new delhi italian luxury goods firm bulgari has sought the governments permission to set up exclusive retail stores in india that will sell highend jewellery watches and accessories under its bvlgari brand bulgari part of the french luxury behemoth lvmh group has made an application to the foreign investment promotion board fipb for its investment under the singlebrand route according to the commerce ministrys website although details of the proposal are not yet available bulgari has finalised a silent partner a person familiar with the matter said the other lvmh group brands including louis vuitton and christian dior also operate independently in the country bulgari did not respond to emailed queries sent by et although the fipbs approval is awaited the italian firm has already taken up space in south delhis dlf emporio mall which is home to luxury brands yes bulgari is opening a boutique within this year said dinaz madhukar dlf emporios senior vice president the brand which had exited india in april 2011 after ending a sevenyear relationship with mumbaibased dia groups sister concern lifestyle tradelinks india is expected to have more control over its operations this time round romeheadquartered bulgari was founded in 1884 by silversmith sotirio bulgari as a single jewellery shop the company famous for its coloured stone jewellery and watches that have a unique serial number also operates luxury hotels and resorts in 2010 it had a turnover of over euro 1 billion about rs 8800 crore at current rates image courtesy flickr et bureau published on sep 4 2013 at 0846 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app christian dior louis vuitton bulgari lvmh homenewsbulgari plans to set up exclusive retail stores in india