Welspun India has inked Memorandum of Understanding (MoU) with Gujarat state government at the ongoing Vibrant Gujarat Summit 2017. The company has inked MoU to invest Rs 4,000 crore for textile projects in Gujarat.
The group, which has presence in home textiles, line pipes and infrastructure, will invest Rs 2,000 crore in setting up an integrated textile manufacturing zone. It will invest Rs 1,000 crore on capacity enhancement of its technical textile business, while a similar amount has been earmarked for its advanced textile arm that makes specialized materials for aerospace, defence and automobiles.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
Company Name | CMP |
---|---|
PDS | 483.65 |
Vardhman Textiles | 451.95 |
Arvind | 314.15 |
Welspun Living | 153.05 |
Alok Inds | 27.54 |
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