Welspun India to invest around Rs 3,000 crore for integrated textile unit in Gujarat

Welspun India, a Welspun Group company, has decided to invest around Rs 3,000 crore for setting up integrated textile parks and manufacturing facilities in Gujarat. The entity is expected to sign a memorandum of understanding (MoU) for the same at the upcoming Vibrant Gujarat Summit 2013. The company aims to concentrate on almost the entire textile value chain, right from spinning, weaving, processing and manufacturing.

Welspun India manufactures home textile products in bed and bath segments such as bed linen, basic bedding, decorative bedding, terry towels, rugs and yarn.