PDS will expand its partner factory network in India as well as its own factories and partner network in Bangladesh, Sri Lanka, China and Turkey.
The company’s topline grew 29 per cent in the nine months ended December 2022. It has already crossed theRs10,000-crore mark in the last 12 months, making it the largest multinational B2B apparel company in terms of the size of business.The company aspires to double revenue over five years though short-term challenges persist in terms of the global slowdown and high inflation suppressing demand in select markets.
The company has signed an agreement with Asda in the UK, which should open up an annual merchandise value of $350 million. PDS works with a network of about 600 factories across the globe to fulfill its sourcing contracts. It takes about a year to get a factory onboard after ensuring all the criteria laid down by the retailers are met.
PDS intends to allocate Rs 50 crores annually for capital expenditure in both sourcing and manufacturing, while ramping up its ESG compliance.It is also planning to build a solar facility at its plants in Bangladesh.
PDS, based in India, is a fashion and apparel company.
