Search
      Channels
  News
  Home Loans
  Commercial Loans
  Insurance
  Credit Cards
  Calculators
  NRI Center
     Investment
  Mutual Funds
  Stock Research
  Market Tools
  Special Reports
  Fund Focus
  Company Focus
  Sector Focus
  Interviews
     Services
  Greetings
  Message Board
Partners
Home -> Finance -> Full Story

JC Penney plans to double its outsourcing from India
Friday, June 11 2004 16:44 Hrs (IST)

New Delhi: International retailer JC Penney has said it plans to double outsourcing from India once the multi fibre agreement comes to an end next year.

"We are optimistic and expect the Indian textiles industry to grow. We have identified India among countries that we will focus our efforts on," JC Penney Country Head Adil Raza said at a seminar during the ongoing Lakme India Fashion Week.

The focus on India was in view of phasing out of the quota regime from January 1, 2005, he said.

"Retailers want to spread their risks and not rely only on China for sourcing their requirements when the quota regime ends," Raza said.

Earlier, JC Penney had sent a team to India to study the textiles industry.

PTI



Related Stories
BPOIndia.org