A recent Crisil report said India s luggage industry revenue is set to rise 5% on-year this fiscal despite a high-base effect of 40% growth last fiscal due to rising penetration of hard luggage made by the organised sector, and continuing growth in tourism and corporate travel. "There was a lot of concentration in mainland China, but we have moved about 50% of production and distributed it to other countries in Southeast Asia and India is part of this rebalancing of our production," said Traxler.