Executives of Uniqlo, a subsidiary of Fast Retailing Inc, recently visited Pakistan and met representatives of five companies from Karachi, Faisalabad and Lahore. Three companies have been shortlisted for joint ventures, primarily related to circular cutting, shirt fabric and sewing. Another team will visit this month to finalise the agreements.
The world’s biggest cloth retailer Inditex Group, which owns Zara, decided to double its imports from Pakistan in February this year and opened an office in the country, according to Pakistani media reports.Executives of Uniqlo, a subsidiary of Fast Retailing Inc, recently visited Pakistan and met representatives of five companies from Karachi, Faisalabad and Lahore. Three companies have been shortlisted for joint ventures, primarily related to circular cutting, shirt fabric and sewing. Another team will visit this month to finalise the agreements.#
Other foreign buyers operating in the country include Target and JC Penny, Li and Fung Pakistan, Walmart Global Procurement and Ikea. (DS)
ALCHEMPro News Desk – India
marketing@alchempro.com
