Union Budget 2025 has placed a strong emphasis on boosting national manufacturing across small, medium, and large industries, a move that is set to benefit the domestic textile sector. Acknowledging the positive impact of these reforms, Sanjay Jain, Group Chief Executive Officer, PDS Ltd., shared his perspective on the budget’s provisions and their alignment with the company’s growth strategy.

“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 a 55% stake in Knit Galley India Pvt Ltd. Our aim is to enhance our manufacturing capabilities in India while leveraging it to drive greater sourcing opportunities,” stated Sanjay Jain.

He further highlighted the government’s initiative to enhance Extra Long Staple (ELS) Cotton Productivity as part of a five-year mission introduced in the budget. “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.”

Jain also emphasized the significance of the reforms in positioning India as a global manufacturing hub, aligning with the Make in India initiative. “We hope that the new reforms towards boosting national manufacturing spotlight 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.”

PDS Ltd. continues to align its strategic investments with national policies, reinforcing its commitment to strengthening India’s textile and manufacturing landscape.