PDS may invest up to ₹225 cr in India, Egypt to service US mkt

Fashion supply chain company PDS Ltd, which counts Tesco, Asos, Primark, Macy’s and Calvin Klein, as its clients, plans to invest ₹170-225 crore to expand its manufacturing facilities both in India and Egypt, a top company executive said.

The company’s expansion plans comes amid increasing interest from retailers worldwide to widen the source base beyond China and Bangladesh since the pandemic disrupted supply chains. Many retailers are also looking at short lead times and sourcing goods from markets closer home.

PDS, which clocked revenues of ₹8,828 crore in FY22, provides customized sourcing and manufacturing solutions to retailers and brands. Globally, it works with over 600 partner factories that work as suppliers of garments for the company.