Having heard a large number of the 'Boutique' Indian made speakers over the past 10 years or so, I can confidently say that we can build world class speakers. I have heard Lyritas (right from Viren's initial Fostex based TL speakers, to his OB ones to the more recent Horn speakers), Acoustic Portrait (Bookshelves and Floorstanders based on Scanspeak drivers), Rethm (early version of Sadhanas), Lithos (Kontra, Q10 & Noa), Cadence (Avitas & Aritas), Audire (IO2) and Norge (can't remember the model). I have owned (and still own) Indian made speakers from the now defunct Enbee audio for the past 10 years, and can proudly say that most of the Indian made speakers can punch above their respective price points when compared to a similarly priced imported brand. This is not to say that any of the imported brands are bad - it's just that they have large overheads (marketing, sales & distribution costs) that reduce their value proposition compared to the 'boutique' offerings from our country.
Having said that - most of these companies will remain 'boutique' offerings since they are mostly one man/woman shops with a 'passionate' audiophile at the helm. The moment you have to scale up to being much larger than a one man shop, the costs add up (marketing, sales & distribution costs). So many prefer to remain just a 'boutique' shop selling direct and through word of the mouth references. That's just the reality, and we have to live with it. So if you are interested in these 'boutique' speakers, you will sometimes have to make an effort to travel/visit locations where the owners are based (or where these speakers are available to listen through a friendly customer). Many of these companies will fold up once the owner retires or passes away (as in the case of Enbee Audio).
I currently live in Australia which has a thriving local 'Audio' industry - many of them mom-and-pop shops not unlike the ones in India - started and owned by passionate audiophiles. Many do well because of good community support from local audiophiles, word of mouth references and reviews through forums (such as stereonet australia). Most of the large cities here (Sydney, Melbourne, Brisbane, Adelade etc) have regular get-togethers/events where local manufacturers are often encouraged to come and showcase their products. This gives them good visibility (within a niche crowd) without the associated marketing costs. However, similar to the case in India, many of them fold up once the owner retires or passes away.
I think we should be happy that there are quite a few 'boutique' companies present in our country, that gives us options beyond the 'imported' brands. We should encourage their work through reviews on this forum and hosting regular events where such products can be showcased. Expecting the owners to scale up, and improve their visibility through marketing 'efforts' is not always feasible, and we as the audiophile community here do need to play a larger role in promoting 'local' products.
You can't sell one or two speakers a month and stay in business. No distributor will buy your product even if it's better than the best. Other competitors will blackmail them if they try to keep a better product than theirs. That's one of the reason Rethem and cadence don't have much presence here. Most distributors are bulk importers. So even if you buy a Dali or a Wharfdale or a Tannoy it's the same person importing them. So he doesn't mind as far as he is making money. Once a local guy sitting in a remote corner in India try to enter the scene his money chain gets disrupted and he won't allow that unless you too are selling through him. That's why local talent don't flourish in India as our biggest enemy is within and not outside country.
Hi Hari,
A 'boutique' manufacturer cannot flourish using the same methods that other traditional 'deep pocketed' organisations do. That is setting yourself up for failure since the 'boutique' manufacturer will never have the financial muscle and distribution reach to compete on the same playing field. Marketing, Sales & Distribution models/mechanisms have to be different - you may have to sell direct, market through local 'audiophile' communities, and participate in events through hosting listening sessions etc. Having witnessed the success of local audio companies here in Australia, I can vouch for the fact that there are business models that work successfully for 'boutique' manufacturers. It may require you to take a different approach, but there is still 'reasonable success'. Very few of the local manufacturers here sell through distributors/retailers. They sell direct, participate in many local events, are commercial members on audio forums, contribute actively through sharing of knowledge on audio forums and leverage the power of social media as well as faithful community members to their advantage. There is no reason why we can't leverage the same concepts (adapted to our context) here in India.