Welspun proposes to set up three manufacturing facilities in Telangana. Two of them would be dedicated to technical textiles, while the third would be for making pipes.
Welspun has a presence in home textiles, pipes, plates, coils, steel, infrastructure and energy. It is one of the largest home textile manufacturers in the world. In fiscal 2018, the company plans to expand its towel capacity from 72,000 metric tons to 80,000 metric tons. It will also invest in a new flooring facility.
Welspun’s next growth engine is flooring solutions, where it is investing heavily in over the next two years. The products include area rugs, carpets, carpet tiles, accent rugs and wall to wall carpets. Welspun has invested Rs 100 crores to set up a fresh state-of-the-art fully automated cut and sew unit in the made-ups segment with a capacity of 10 million units per annum.
Welspun is known as one of the most innovative companies in the home textile space, with a portfolio of 26 unique inventions across the globe, contributing 36 per cent to its sales.
Being India’s largest consumer of cotton, Welspun works with farmers at various cotton growing locations across the country to help them adopt better quality cotton crops. The company also guides and mentors farmers on right practices, seed and pesticides.