Indian Prime Minister Narendra Modi has invited Uniqlo to join India’s journey to become a manufacturing hub for textiles, particularly scaling up the use of technologies.
With more than 2,300 stores across the globe and 6 in India, Uniqlo is Japan’s leading apparel retailer.
In a meeting with Uniqlo CEO, Tadashi Yanai at Tokyo, PM Modi discussed Uniqlo’s growing presence in India and investment opportunities for textile manufacturing under Production Linked Incentive (PLI) scheme.
They also discussed various reforms being undertaken to improve ease of doing business for foreign investors in India, including in the areas of industrial development, infrastructure, taxation and labour.
Tadashi also lauded Indian talent in the field of information technology (IT) and invited India to work together with the country’s IT sector.
This is the second meeting of both the stalwarts since 2014.
“We spoke about how to invest in the production and retail industry in India. We could focus on end-to-end products– from plant to design to fabric. IT talent in India is excellent. I want to say to PM Modi– Let’s do IT,” said Uniqlo CEO Tadashi Yanai.
Met top business leaders in Tokyo. Our conversations focussed on diverse topics ranging from innovation to investments, tech to textiles, reforms to StartUps. There is great enthusiasm towards India and there is great appreciation for the entrepreneurial skills of India’s youth. pic.twitter.com/5jSMehWjtv
— Narendra Modi (@narendramodi) May 23, 2022
The Indian Ministry of External Affairs (MEA) said in a statement, “Prime Minister invited Uniqlo’s enhanced participation in India’s journey to becoming a manufacturing hub for textiles, particularly the use of technologies in textile manufacturing. Prime Minister also invited Uniqlo to take part in the PM-Mitra scheme aimed at further strengthening the textiles sector.”
