Japanese retailer Uniqlo on Wednesday announced it was launching three separate stores in India as part of its debut plans, coming at a time when the government proposes to ease local sourcing rules in single-brand retail. On July 5, Finance Minister Nirmala Sitharaman had said the 30 per cent local sourcing norms in single-brand retail would be relaxed as she sought to make India an attractive destination for foreign players.
Retail industry sources had said Uniqlo would be among the first to launch outlets this year in a bid to capitalise on the environment, accelerating its India store plans,
Retail industry sources had said Uniqlo would be among the first to launch outlets this year in a bid to capitalise on the environment, accelerating its India store plans,