For the second quarter PDS Multinational Fashions’ revenue grew 18 per cent. And this is the company’s strongest quarterly topline performance in the last five years. Similarly, earnings before interest, tax, depreciation and amortization (ebidta) grew by 3.8 per cent. The company’s profit after tax (PAT) margin expanded to three per cent. For the first half of the year revenues grew by 35 per cent.

PDS is India’s leading apparel sourcing company. Being a truly global enterprise, it has persistently endeavored to further strengthen the platform. In line with the strategy to expand beyond the predominant markets of UK and Europe, PDS has deepened its presence in the North American markets with the first half of the year achieving 90 per cent of last year’s sales.

India possesses a great potential to become the next one stop sourcing destination for Asean brands and retailers. The country offers a number of competitive advantages including abundant amount of raw materials, trained manpower as well as the presence of entire textile value chain. Moreover, 100 per cent FDI is allowed in the textile segment under automatic route. The government has a special package for apparels as well as made-up sectors. The packages include various offerings such as labor law reforms and additional incentives under the Amended Technology Upgradation Scheme.