Stuart Rose, Executive Chairman of Marks & Spencer, while delivering his speech at the Foreign Press Association stated that, the company, which stands amongst the top 100 British firms, purchases cotton from Pakistan besides other countries. The company utilizes this cotton for producing its products.
He remarked that they are a sizeable purchaser of cotton and amongst their top overseas supplier is Pakistan, and added that subsequently the product is passed on to various manufacturing units in countries like China, Srilanka, India, Bangladesh and Turkey for finishing.
The firm alongside India and China also has spotted potential in Pakistan, which has a huge population. As the development of country's economy gets going, they plan to commence operations in Pakistan, he said.
The company with a history of 120 years mainly deals in clothing, home textiles and household goods. It generates overseas revenue to the tune of ten percent and in forthcoming years it proposes to hike the same by five to ten percent.
He informed that the company with its overseas partners has been working towards enhancement of the quality of its produce and is keen on development of cotton with zero contamination. He also stated that, with over 300 odd outlets, branches of the company are spread over in 41 countries.
Sir Stuart said that the company has never employed any child labour, nor does it ever place purchase orders with factories without inspecting them. The company, with the help of modern technology, was making active efforts towards development of various techniques so as to minimize its carbon footprints.
Besides this, it has also takes care to ensure that the new overseas factories' from which it purchases finished products, are eco-friendly.
Fibre2fashion News Desk - India
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