Welspun to Set Up Rs.600cr Flooring Solutions Plant in Gujarat

Welspun to Set Up Rs.600cr Flooring Solutions Plant in Gujarat

One of the world’s leading home textiles companies, ‘Welspun India Ltd’ has forayed into flooring solutions with the foundation stone laying of Rs.600 crore state-of-the-art facility in Anjar, Gujarat to manufacture carpets, area rugs and carpet tiles. The new facility will have an annual capacity of approximately seven million square metres.

“I applaud Welspun Group for reinforcing its commitment to ‘Make in India’ with this new carpet project. I appreciate Welspun’s commitment to Gujarat for creating employment opportunities in the state and contributing to its overall economic development,” Vijay Rupani, CM of Gujarat said.

The upcoming facility will house one of the most modern plants in the country. Most of the capital expenditure will be done over the next 18 months. The new project ushers in a new chapter of Welspun’s growth story by adding flooring solutions to its current portfolio of home textile products.

“Flooring solutions has immense potential as a growing business. We believe that this segment will benefit from the synergies with our existing product line and customer base thereby creating strong growth opportunity for the domestic as well as international market,” BK Goenka, chairman of Welspun Group said.

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