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J C PENNEY LIKELY TO SOURCE US$2 BLN WORTH OF APPAREL FROM INDIA.

AsiaPulse News

| February 02, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Feb 2 Asia Pulse - US retail chain major J C Penney plans to make India a major sourcing hub for its apparel and high level discussions were on to increase its offtake to US$2 billion within a year's time.

Senior officials of J C Penney including its Vice President (Sourcing) will be meeting senior Indian Textiles Ministry officials, including Textiles Secretary S B Mohapatra, and Apparel Export Promotion Council this week to enhance its sourcing, sources said.

They are also likely to meet senior Commerce Ministry officials.

The retail chain major is also likely to enhance its presence in the country and set up an ...

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