India: Indian apparel manufacturer Pearl Global is evaluating manufacturing opportunities in North Africa and countries including Jordan as it seeks to move production closer to European customers and reduce its dependence on the U.S. market, Managing Director Pallab Banerjee told Reuters on Tuesday.
Pearl Global Seeks to Expand European Supply Network
Pearl Global, which supplies brands including Zara, Levi’s and Gap, is considering partnerships and manufacturing opportunities closer to European markets. The company operates in Bangladesh, Vietnam, Indonesia and Guatemala, with the United States remaining its largest market.
However, the U.S. share of Pearl Global’s revenue has declined to about 50%, from more than 85% in fiscal 2021, as the company expands its business in Spain, Britain, Japan and Australia. The European Union accounted for 16% to 17% of group revenue in fiscal 2026.
Indian Apparel Makers Reduce U.S. Dependence
The potential expansion comes as Indian garment manufacturers seek to benefit from stronger European demand while responding to changes in U.S. trade policy and disruptions to global shipping routes linked to tensions in the Middle East.
Rival Raymond Lifestyle is increasing production at its facility in Ethiopia as European orders grow, while Gokaldas Exports expects to expand existing capacity in Kenya and Ethiopia later this year.
Pearl Global expects revenue to grow by more than 15% in fiscal 2027, following 12% growth in the previous year. Banerjee said the company could also reach its fiscal 2028 revenue target of 60 billion rupees ($626.75 million) ahead of schedule. Revenue stood at 50.25 billion rupees for the year ended March 31.