(MENAFN- knn india)
uniqlo plans to expand its production capacity in india new delhi, july 1 (knn)
clothing retailer, uniqlo is looking to spread its production network deeper in india with large investment.
it already has a cluster of production partners in the country and is now considering to grow it further.
“the investment amount will be significant because uniqlo is serious about india and views it as an important market,” reported et.
unlike the existing facilities in india, which cater more towards exports, the production partners that uniqlo will bring to india will be specifically meant for the domestic market.
one of the company's production partners that et spoke to confirmed that their current mandate is to produce only for exports.
uniqlo, which is asia's biggest clothing brand, had said india is one of the top priority markets for them where consumers are increasingly shifting from 'fast-fashion' to long-lasting essentials and functional wear.
the company's ambitions for india are considerable with its ceo tadashi yanai indicating that he wants uniqlo to become the“best-selling retailer in india”.
(knn bureau)
MENAFN01072023000155011030ID1106541424
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment