Indian apparel manufacturer Pearl Global Industries is exploring manufacturing opportunities in North Africa and countries such as Jordan as it seeks to move production closer to European customers and reduce its dependence on the US market.
According to Managing Director Pallab Banerjee “We are again evaluating things,” Managing Director Pallab Banerjee told Reuters, adding that the company could consider partnerships in locations closer to Europe.
Pearl Global, which supplies brands including Zara, Levi’s and Gap, currently has manufacturing operations in India, Bangladesh, Vietnam, Indonesia and Guatemala. The US remains its largest market, but its contribution to revenue has declined to around 50% from more than 85% in fiscal 2021.
The company has been expanding its presence in Spain, the UK, Japan and Australia. The European Union contributed around 16% to 17% of Pearl Global’s group revenue in fiscal 2026.
The move towards production closer to Europe comes as Indian apparel manufacturers look to diversify their export markets amid changes in US trade policy and disruptions to global shipping routes linked to tensions in the Middle East.
Other Indian apparel manufacturers are also expanding their manufacturing presence in Africa. Raymond Lifestyle is increasing production at its Ethiopia facility as European orders grow, while Gokaldas Exports, which operates manufacturing facilities in Kenya and Ethiopia, expects to increase capacity in Africa later this year.
Pearl Global established operations in Guatemala after the COVID-19 pandemic to improve supply to its US customers.
The company expects revenue to grow by more than 15% in fiscal 2027 after recording 12% growth in the previous fiscal year. Banerjee also said Pearl Global could achieve its fiscal 2028 revenue target of Rs 60 billion ($626.75 million) ahead of schedule.
The company reported revenue of Rs 50.25 billion for the financial year ended March 31, 2026.
