A top name in the business of private yachts, Princess Yachts, is setting shop in IndiaNot for nothing has Mumbai just hosted the country's first International Boat Show. With Indian economy booming at an impressive eight per cent per annum, and with as many as 13000 new Indian millionaires now (according to the recent Merrill Lynch study), world players are eager to tap the market. So naturally, the Mumbai show, held this past week, has been looked by the industry as an important event to happen just after the London Boat Show this past January. The event has seen a long list of exhibitors from across the world, many using the Mumbai harbour to showcase their wares. David Pyle, Sales Director of one of the top players in the business, Princess Yachts, offers his assessment, "The Indian market is not so large yet and we are still testing it. There is no infrastructure yet but it is no doubt a potential market." With many Indian companies having young CEOs, and also film stars raking in big money, Pyle is convinced that they would have rich-man's tastes, one of them could be love for good-looking yachts. Unlike many exhibitors, the UK-based company, which has an impressive list of buyers including Hollywood stars, football players like David Beckham, etc., and industrialists, has not brought any of their boats for display at the Mumbai show. And Pyle has a reason for it: "Our boats are quite big." Big, he says, is the trend worldwide. Bigger your yacht, more fashionable are you. Pyle says his company's boats are not only big but have been made keeping the changing fashion in mind. "So that they remain fashionable for more years."
New modelsEstablished in 1969, the company has just launched two new models, the Flybridge Princess 62 and V Class Princess V45 at the London Boat Show. And this year, it is launching Princess 95 MY, its largest project to date. Not just that, Princess Yachts, which runs a training academy in England, organises tailor-made courses for new buyers willing to handle the luxury machine. "Also, we have an agent now in India to facilitate purchasing," he adds. The Princess yachts are in the range of four hundred thousand US dollars to 8 million US dollars. For more information, one can log on to www.princessyachts.com SANGEETA BAROOAH PISHAROTY