One of the most famous apparels brand in the world, Uniqlo is planning to outsource textile garments to Pakistan. Uniqlo will outsource for its 3000 branches worldwide from three Pakistani firms.
The subsidiary of Japanese retail holding company Fast Retailing Inc, Uniqlo Inc has collaborated with three local Pakistan companies aiming to boost the textile exports of the country.
Initially, Uniqlo selected five textile companies in Lahore, Faisalabad, and Karachi. Uniqlo representatives were sent to all the companies to assess them and analyze their potential.
An official said, “The initial visit of the Uniqlo team has been successful, which is a big breakthrough.” Three companies were selected by Uniqlo for a joint venture.
Adding, “They still requested for some more companies for shirt fabric and others for circular cutting and sewing.”
For the fiscal year 2017-18, the textile exports of Pakistan increased by almost 9% to $13.53 billion. The textile exports account for almost 60% of total Pakistan’s exports. But compared to the last decade the textile export share of Pakistan in the world market has gone down from 2.2% to 1.7%.
The world’s biggest clothes retailer company Spanish Inditex Group opened its branch office in Pakistan in February. The aim was to double its imports from Pakistan. Other important foreign buying companies in Pakistan include Walmart Global Procurement, Li and Fung Pakistan, JC Penny and others.
Uniqlo is planning to make another trip to Pakistan by end of the month to finalize the deal with the three Pakistani companies.
Uniqlo is a big name in Japan known for providing quality products at affordable rates. The official said, “Therefore, any significant move by Uniqlo into Pakistan for investment and procurement will generate a ripple effect… it will boost textile export. From its factories, Uniqlo supplies apparels to its more than 3,000 sales outlets all across the world.”