Welspun India to invest Rs600 crore in flooring solutions facility in Gujarat1 min read . Updated: 14 Dec 2016, 06:02 PM IST
Welspun India plans to export 50% of the products from the unit while the remaining will be sold in the domestic market
Anjar (Gujarat): Welspun India on Wednesday said it is investing Rs600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles, marking the leading global home textile firm’s foray into flooring solutions segment. “We are expanding our product portfolio by foraying into flooring solutions with a Rs600 crore carpet plant at Anjar. We will invest Rs180 crore in Phase I," Welspun group chairman B K Goenka said.
The facility, whose foundation was laid on Wednesday, will have an annual capacity of approximately 7 million square metres. Goenka said, “Flooring solutions has immense potential as a growing business. We believe 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 markets."
The company plans to export 50% of the products from the unit and remaining will be sold in the domestic market, he said. Speaking at the foundation stone laying ceremony, Gujarat chief minister Vijay Rupani said, “Welspun Group has reinforced 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."
Keeping sustainability at the core and in line with the clean environment campaign of the Government, Welspun has also set up a Rs100 crore worth 30 MLD (million litres per day) waste water treatment facility at Welspun City, Anjar in Kutch district.
The unit will recycle and treat the waste water generated in Anjar and the Gandhidham-Adipur belt. Welspun will reuse the water obtained after biological treatment, ultra filtration and RO processes for its production activities. This will reduce the company’s dependence on the Narmada River, resulting in increase of fresh water availability for domestic use in the area. The company is part of $2.3 billion Welspun Group, one of the world’s largest home textile manufacturers.
With a distribution network in more than 50 countries and world class manufacturing facilities in India, it is the largest exporter of home textile products from India.