Japanese fashion retail giant Uniqlo, which made its formal India debut on Thursday, is betting big on the country and feels that the ongoing economic slowdown is cyclical.
The Japanese apparel retailer is the latest international brand to take the single-brand retail route to enter India.
Tomohiko Sei, CEO, Uniqlo India, told BusinessLine that the government’s move to liberalise its single-brand retail policy will enable the company to accelerate its growth in the country. He added that this would help the company strengthen its factory partners-led supply chain and expand local sourcing.
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