Welspun India Ltd., a leading textile conglomerate, has re-appointed Rajesh Mandawewala as the managing director which has been approved by the Board for a period of five years effective from April one.
Mandawewala, whose term is going to end on March 31, is the co-promoter of the firm and has been associated with the company since its inception.
Welspun has recently inaugurated its advanced textiles plant at Anjar, in Gujarat. With the inauguration of the plant, Welspun, placed amongst the largest home textile manufacturers in the world, has forayed into new technologies in its Technical Textile Business. The plant will have unique capabilities of Spun Lace and Needle Punch lines which can manufacture multilayer composites for various applications.
Earlier this year, Welspun also inked three MoUs with the centre at the Vibrant Gujarat Summit 2017 in Gujarat. The Group has decided to invest Rs. 4,000 crore in three large textile projects in this state.
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