Union Budget 2025 has placed a great impetus on boosting the national manufacturing for small, medium, and large industries; the domestic textile industry will be benefited with this move. In line with Viksit Bharat strategy, PDS recently acquired 55 per cent stake in Knit Galley India. Our aim is to enhance our manufacturing capabilities in India while leveraging it to drive greater sourcing opportunities.
We are also pleased with the inclusion of enhancing Extra Long Staple (ELS) Cotton Productivity in the Union Budget 2025’s five-year mission. This move will foster production of superior quality raw material for the textile industry, strengthen India’s traditional textile sector, boost exports, and reduce dependency on imports.
We hope that the new reforms towards boosting national manufacturing, spotlights India’s capabilities as an international manufacturing hub. At PDS, we are equally committed to the Make in India initiative and advancing the future of sustainable manufacturing.
The opinion is presented by Sanjay Jain, Group Chief Executive Officer, PDS Ltd.