UNIQLO Wants To Enter India Market As Soon As Possible.

Japan Fast Retailing Co. Its casual wear chain stores UNIQLO (Uniqlo) The intention is to enter the India market, the sooner the better, so as to develop rapidly growing economies, thereby improving sales.

　　
"We want to know immediately the details of the cooperation agreement between Japan and India." Chairman and CEO of fast Marketing Group Ryui Masa (Tadashi Yanai) Not long ago, he said in an interview in Tokyo. Referring to the trade agreement signed by the two countries, he said: "we want to enter the India market as soon as possible."

　　
    Fast Marketing Group Asia's largest clothing chain group, which plans to expand the number of stores in UNIQLO overseas, aims to boost its sales by 6 times, reaching 5 trillion yen ($60 billion) by 2020, enabling UNIQLO jeans worth 3990 yen to be available in India. The government of India predicts that its economy will grow by 8.6% this year, which will also help the fast forward group to boost its sales performance over the next 7 years.

　　
Chief economist from Japan's first Institute of life economics Toshihiro Nagahama The faster they can open a store in India, the better it will be. Uniqlo Here is a good start for establishing its brand image.

　　
    Uniqlo It was announced not long ago that they aim to sell 10 million twill trousers and big pocket pants in spring and summer this year. In conjunction with Spain Indiex Group's Zara and Sweden Of H&M After competition in fashion, Xun group began to shift its focus to functional clothing.

　　
Anand Sharma, Minister of Commerce and industry of India, signed a comprehensive economic partnership agreement with Japanese Foreign Minister Maehara Makotoshi, which will abolish 94% trade tariffs in 10 years. India's prime minister Mohan Singh and Japanese Prime Minister Naoto Kan reached a preliminary agreement in October last year.

　　
With the increasing number of Chinese enterprises in India, the agreement gives Japanese companies more access. Last year, China surpassed Japan as the second largest economy in the world.

　　
In October 8th last year, XXX pointed out that the group plans to increase 44 overseas by the end of August this year. Uniqlo Stores, while Japan increased by 36, so that the total volume reached 1024, which is consistent with the progress of last year's fiscal year. The second US stores will open in New York later this year.

　　
Ryui Masa said, "there are too many business opportunities in big cities."