The Union Budget 2025 prioritizes national manufacturing across industries, offering a significant boost to the domestic textile sector, says Sanjay Jain, Group CEO of PDS Ltd. He highlights that PDS, aligning with the Viksit Bharat strategy, recently acquired a 55 per cent stake in Knit Galley India Pvt Ltd to strengthen manufacturing capabilities and enhance sourcing opportunities.
Jain also welcomes the government's five-year mission to improve Extra Long Staple (ELS) cotton productivity, which will enhance raw material quality, support traditional textiles, boost exports, and reduce import dependence.
He emphasizes that these reforms position India as a global manufacturing hub, reinforcing the Make in India initiative. “At PDS, we are committed to advancing sustainable manufacturing while leveraging India’s growing potential,” Jain adds.
The Budget 2025’s focus on strengthening domestic production marks a strategic shift toward self-reliance and global competitiveness in the textile industry.
