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Welspun wooing Target once more

Welspun India, the home textiles company, has announced it is trying to revive ties with US retailer Target. The latter had severed ties with the former following Egyptian cotton controversy. Then, Welspun allegedly passing off cheap sheets as premium Egyptian cotton, eventually it got E&Y on board to clean its supply chain. Welspun Group chairman B K Goenka says his company did accept its mistake and voluntarily set up audit. Unfortunately, the textile supply chain is not as robust as that of automobiles. However, now the root cause of the problem has been identified and the company is trying its best to get back Target. Goenka was speaking on the sidelines of launching Rs 600 cr flooring solutions facility in Gujarat.

Welspun would manufacture carpets, area rugs and carpet tiles in the new facility at Anjar, Gujarat. The facility will have an annual capacity of approximately 7 million square meters. Most of this capex will be achieved over next 18 months and the upcoming facility will house one of the most modern plants in the country. Goenka said the project will provide direct employment to around 2,000 people and indirect employment to 3,000 others.