UNIQLO founder and chairman Tadashi Yanai — Japan’s wealthiest man — who runs one of the world’s largest apparel retail company Fast Retailing Group said the company has made significant investments in India ahead of the brand’s maiden store launch in the country on Friday.
Indonesia’s trade minister, Rachmat Gobel is seeking to increase trade relations with countries and businesses worldwide. At During the first day of the 24th World Economic Forum on East Asia on Sunday he met with several top executives and high-level government leaders.
Vardhman Textiles is among India's largest manufacturers of yarn, sewing threads & acrylic fiber. It manufactures for brands like GAP, H&M, Uniqlo, Benetton, Wills, Van Heusen, and Peter England.
According to Neeraj Jain, Joint Managing Director, Vardhman Textiles the third quarter results are not expected to be great and revenue could be in single digits or early double digits as compared to around 18 percented reported in Q2.
Prime Minister Narendra Modi during his international bilateral trip to Japan starting Saturday is expected to meet Uniqlo Chairman Tadashi Yanai to carry forward their discussion on the retailer's multi-billion dollar India investment plan. The prime minister's office has been in touch with the textiles ministry for details about the company's India plans.
