What: Mumbai, India has opened its first luxury mall, the Jio World Plaza, owned by Reliance Industries Ltd.

Why it is important: The mall aims to cater to the growing number of high-net-worth individuals in India.

The 750,000-square-foot mall is centrally located and features global luxury brands such as Louis Vuitton, Gucci, Cartier, Bally, Giorgio Armani, Dior, Saint Laurent, and Bulgari. The opening was preceded by a star-studded event with top Bollywood actors and brand ambassadors in attendance. It also includes first-time store launches for brands like Balenciaga, Pottery Barn Kids, Rimowa, and the Giorgio Armani café. The mall's design and architecture reflect a blend of Indian craftsmanship and international luxury standards.

India’s largest luxury mall opens in Mumbai