South Asia Investor Review

Jesper Brodin, CEO of Holland-based Ingka Group, started his 25-year career working for Ikea in Karachi, Pakistan in 1995. Ikea does not operate its stores in Pakistan but the company sources home textiles from the South Asian country. Today,  Ikea is a major global retailer of home furnishings with worldwide sales of over $40 billion. Like any other major retailer, it is responding to its customers' demand for products produced in a sustainable way in terms of their impact on the environment and the people involved in the supply chain.  Ikea CEO Jesper Brodin. Source: Financial Times Who is Jesper Brodin? Jesper Brodin is the chief executive officer (CEO) of Ingka Group that owns IKEA, a global retail sores chain with worldwide revenue of over $40 billion. He was born in Gothenburg, Sweden.  Brodin started his career as IKEA's purchasing manager in Karachi, Pakistan in 1995. Speaking to Bloomberg TV recently, he said he learned after being hired that he was the only appl...

Quest for sustainable fiber with antimicrobial properties has created a global market for hemp (بھنگ) that grows wild in Pakistan. The ongoing COVID19 pandemic and increasing climate concerns have given further impetus to this movement. Responding to shifting market preferences, major Pakistani denim makers Artistic Milliners and US Denim have now begun producing new denim fabrics blending cotton with  hemp .  Hemp Jeans At last year's Kingpin Show online, Karachi-based Artistic Milliners presented its Bio Vision 2.0 collection that is based on guidelines set by the Ellen MacArthur Foundation’s Jeans Redesign, featuring biodegradable fibers that provide optimal recovery, according to  Sourcing Journal . The mill’s circular focus is also displayed in its Circular Blue New collection, which is made of 100 percent recycled cotton and uses post-consumer, pre-consumer and industrial waste. Lahore-based US Denim’s latest collections also focus on sustainability and fe...

Pakistan government has decided to permit hemp farming for industrial and medicinal use, according to Mr. Fawad Chaudhry, Minister of Science and Technology. Initially, the government will control hemp production, Chaudhry said, but private businesses and farmers will be allowed to enter the market at a later date, according to the  French news agency AFP . Hemp ( بھنگ ) plants grow wild like weeds in many parts of Pakistan, particularly in Potohar region where the nation's capital Islamabad is located. Hemp is one of the oldest plants on record as having been used to benefit humans. Hemp is known to have at least 50,000 different uses.  In South Asia, people have been cultivating hemp to make ropes and bags and to smoke hashish for centuries. The government has picked International Center for Chemical and Biological Sciences (ICCBS) to help regulate hemp products in Pakistan, according to  HempToday , a publication that covers the hemp industry. Locate...