PDS Ltd, a fashion supply chain company, intends to invest approximately Rs. 170-225 crore in order to expand its manufacturing operations in India and Egypt. It will assist the company in expanding its US business, as it will require sourcing units closer to the West.

According to Sources, a leading business daily, the company's CEO, Sanjay Jain, stated, "We are not averse to committing say Rs. 170-225 crore into manufacturing locations in Egypt and India." It could be split between this year and the next. I'm not approaching it from the standpoint of risk diversification and risk mitigation. "I'm approaching this from the standpoint of an opportunity."

He also stated that Egypt is appealing because, in order to increase sales from the US market, which currently accounts for about 15% of the company's top line, catering to the US from the eastern part of the world, such as Bangladesh, rather than the middle part of the world, reduces lead time, and Egypt has duty-free access.

Aside from greenfield investments, the company is willing to collaborate with existing manufacturing facilities and assist them in scaling up.

The company also wants to invest in one or two manufacturing units in India because of the attractiveness of the Production-Linked Incentive (PLI) scheme, as well as FTA discussions with the UK.