Uniqlo in talks for textile-garment joint ventures in Pakistan
today Oct 1, 2018
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 clothing 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.
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