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Luxury brands such as Gucci, Cartier, and Louis Vuitton have signed leases for stores in Mukesh Ambani's new Mumbai mall, taking advantage of India's strong economic growth and increasing number of millionaires. The Jio World Plaza, located in Mumbai's business district, is expected to open this year. Burberry, LVMH, Kering, and Richemont brands have also agreed to rent shops in the mall. With India's growing population of millionaires and a projected 12% annual growth in the personal luxury market, luxury brands are seeking a meaningful presence in the country.

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