Welspun completes Rs 2,000 Cr investment in Telangana
The state-of-the-art manufacturing facility for advanced textiles has been commissioned under its subsidiary - WAMIL
HYDERABAD: An advanced textile facility of Welspun Advanced Material India Limited has been inaugurated by Telangana MA&UD and IT minister K. T. Rama Rao in Chandanvelly, Telangana, on Friday.
With an investment of Rs. 500 crores, this facility is Welspun’s second investment in the same vicinity after setting up a flooring facility valued at Rs. 1,500 crores two years ago. Welspun was one of the first investors in Chandanvelli and this facility stands as a testament to Welspun’s belief in Telangana’s capability of supporting businesses. Telangana was ranked first in ‘Ease Of Doing Business’ in 2022.
The plant would manufacture Spun-Lace which is used in categories like hygiene application, family care & more, products that are used by individuals in their daily lives. The new plant would also support the Group’s new vision of ‘Har Ghar Se Har Dil Tak Welspun’ according to which, the Welspun Group wants to touch lives of end consumers through the businesses in their portfolio.
Dipali Goenka, Jt. MD & CEO, Welspun India said, “The new facility will not only strengthen the growing portfolio of Welspun, but also create 12,000+ direct & indirect jobs that will benefit the surrounding communities of Chandanvelli. At Welspun, our investments are decided based on a holistic view of providing quality products and enriching the lives of people.”