Inditex opens up a buying house

ISLAMABAD: Industria de Diseño Textil, a Spanish multinational clothing company, Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide, opened up a buying house in Karachi, on Saturday, to fetch for its high end products quality local textiles.

According to an official statement, an Inditex representative Jose Manuel Romay de la Colina met with Spain’s Pakistani embassy commercial counsellor Hamid Ali whereat Colina officially confirmed opening of its buying house in Sindh’s capital.

Colina hopes, with presence of buying house in Pakistan, Inditex will double its imports in the coming year or two; with additional technical collaborations in the field of textiles and design.

Exports to Spain reached $405 million in the first five months of financial year 2017-2018. It is likely to reach $550 million once December 2017 data is included.