Japanese retail giant Uniqlo ready to set up 1000 stores in India.

Japanese retail giant Uniqlo suggested that it will open up to 1,000 stores in India in the coming years to tap into the growing consumption story and announced a strategy to source garments from the country.

Two sources familiar with the development told TOI that Uniqlo chairman and CEO Tadashi Yanai, who met Prime Minister Narendra Modi and other ministers, disclosed the plan to open stores during these interactions. 'We are looking to invest in the retail business in India... We will look to open 1,000 stores but it will take more than ten years as it is not easy to open so many stores,' said a source, who did not wish to be identified. When contacted, a company executive said Yanai was not available for comment.

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