PM Modi meet Mr. Tadashi Yanai, Chairman, President & CEO, Fast Retailing Co. Ltd. Pic: PM India
Prime Minister Narendra Modi yesterday urged Japanese company Fast Retailing chief executive officer Tadashi Yanai in Tokyo to join India's journey to become a manufacturing hub for textiles, particularly scaling up the use of technologies. During a meeting, both discussed India’s growing textile-apparel market and investment opportunities under the performance-linked incentive (PLI) scheme.They also discussed reforms being undertaken by the Indian government to improve ease of doing business for foreign investors in India, including in industrial development, infrastructure, taxation and labour, the Indian ministry of external affairs said in a statement.
Modi discussed with him Uniqlo's growing presence in India. Fast Retailing is the parent company of Uniqlo.
Prime Minister Narendra Modi yesterday urged Japanese firm Fast Retailing chief executive officer Tadashi Yanai in Tokyo to join India's journey to become a manufacturing hub for textiles, particularly scaling up the use of technologies. During a meeting, both discussed India's growing textile-apparel market and investment opportunities under the PLI scheme.#
He asked Yanai to take part in the PM-MITRA scheme, aimed at further strengthening the textiles sector, the Indian Prime Ministers' Office (PMO) said in a tweet.
PM Modi is visiting Japan to participate in the second in-person Quad Leaders' Summit, which will review the progress of Quad initiatives.
Fibre2Fashion News Desk (DS)