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Itochu plans expansion in Chinese textile sector
Aug '10
Itochu Corp's President, Masahiro Okafuji, recently said that, the Japan's leading trading company, pursuant to its medium-term business plan, intends to hike its investment in the food and textile sectors, and also plans to expand in China's pharmaceutical industry.

He stated that, as the business plan kicks off in April next year, they would boost their investments in livelihood and consumption related items in China.

He remarked that, distribution and sales network are essential for expanding in China, and added that the company would tie up with Chinese companies for expanding its business in the rapidly developing economy.

Fibre2fashion News Desk - India

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