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Welspun To Launch Home Textiles With Hygro Cotton Technology

Home textiles maker Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented ‘Hygro Cotton’ technology by its premium brand ‘Spaces Home & Beyond’. "We have filed for 26 patents globally and would launch smart textile products using this technology over the next three years," Subrata Pal, domestic business head of Welspun Global Brands Ltd said. Although Hygro Cotton products…
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Apparel and Textile News

Welspun Targets $5 Bn Revenue By 2020

Balkrishan Goenka - led Welspun Group has ambitious plans to raise its revenue to five billion US dollar by 2020 from the current figure of three billion US dollar, with its flagship textile business which is the country's largest and the world's third-largest home textiles manufacturer, expected to contribute half of its income. Mumbai-based Welspun Group has interests in home textiles and some other sectors. The group posted a revenue…
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Apparel and Textile News

Welspun Launches Online Retail Portal

Popular Textile brand Welspun India entered the ecommerce segment with the launch of an online portal, Shopwelspun, the company sources said. The portal will list brands such as SPACES Home & Beyond, Welhome and Spun, covering products such as rugs, carpets as well as bed and bath products. " is set to be a one-stop-shop for home furnishings by connecting with the consumers and providing solutions through edutainment mediums on…
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Apparel and Textile News

Welspun Eyes 150% Jump In Textiles Sales By 2020

Welspun, India's largest home textiles manufacturer, has set a target of more than doubling its revenue to billion US dollar by 2020. The Mumbai-based Welspun Group, which is also the single largest player in the 17-billion US dollar American home textiles space with a 5 per cent market share, nets one-third or one billion US dollar of its group revenue of 3 billion US dollar from the textiles business now.…
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Apparel and Textile News

Welspun To Domestic Market For Its Brand Spaces

Textile firm Welspun India has turned its focus from exports to the domestic market for its premium brand Spaces in bed and bath category. The company has recently appointed actress Parineeti Chopra as brand ambassador as part of its plan to increase revenue from Spaces to Rs 200 crore. The company, part of the Rs 25,000 crore Welspun Group, whose Rs 5,000 crore turnover comes from textiles division, is taking…
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Apparel and Textile News

Textile Makers Focus On Innovations To Grab Overseas Markets

Top textile manufacturers are focusing more on research and development (R&D) to position their growing business overseas and are projecting higher revenue notwithstanding the weak global markets. Welspun India Ltd, manufacturer of towels for Wimbledon, has applied patents for its innovations such as natural finish fabric, ergonomics mattress pad and eco-dry towels that use little water during washing. Welspun has applied for six patents in Europe, the US, Brazil, China,…
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