Uniqlo plans to expand production and sourcing in India
Uniqlo plans to expand production and sourcing in India to meet global demand. The company currently sources 15.5% of its products for Indian stores locally.
«For our India stores, we are sourcing about 15.5% of our requirements locally but the share is higher for exports and the strategy is to keep sourcing more,» said Kenji Inoue, Uniqlo India's COO and CFO, in an interview to ToI.
Items like T-shirts and heattech clothing are already being sourced from India for Uniqlo's global stores. Inoue believes India's growing middle class and their demand for quality products makes it a key market for the brand.
Also Read: India is crucial for Fast Retailing aim to become 10 trillion yen company, says Uniqlo executive
«India is seen as a market with the highest (growth) potential. It's important that we make a good branding presence here. If we exclude Covid-hit years, we have been in India for three years and there is a lot of headroom for growth,» Inoue explained.
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