UNIQLO, Japan’s largest apparel retail chain, is keen to source garments from India.
UNIQLO chairman Tadashi Yanai met Indian Prime Minister Narendra Modi in New Delhi and expressed his company’s aim to source apparel from India.
Welcoming UNIQLO’s interest in developing its business in India, Prime Minister Modi highlighted the advantages that India enjoys in the garment sector, including availability of cotton, skilled manpower, robust infrastructure, a big domestic market and good ports for export shipments.
Established in 1949, UNIQLO is a Japanese casual wear designer, manufacturer and retailer. The company has been a wholly-owned subsidiary of Fast Retailing Co., Ltd. since November 2005, and is listed in the First Section of the Tokyo Stock Exchange.
In addition to Japan, the company operates in Australia, Bangladesh, China, France, Germany, Hong Kong, Indonesia, Macau, Malaysia, the Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, the United Kingdom, and the United States.
UNIQLO Japan had 853 stores nationwide (including 19 franchise stores) at the end of August 2013. Since opening the first store outside Japan in 2001, UNIQLO International has expanded to 446 stores, including 280 stores in Greater China, 105 in South Korea, and 39 elsewhere in Asia. Store development has been especially rapid in Asia, and the company has begun to develop a full-fledged store network in the United States, according to the company’s website.