Welspun India to invest Rs 800 crore on capacity enhancement over next two years, Retail News, ET Retail

Welspun India has claimed it is on the lookout to spend all over Rs 800 crore on potential expansion of its house textiles and flooring firms about the future two years. Welspun India, the country’s greatest house textiles maker, would devote Rs 656.5 crore on its dwelling textiles business enlargement all through FY’22-23. Its plans include augmenting its towel production capacity by 20 for each cent to meet the expanding demand from customers from the overseas clients.

The board of the company in a assembly held on Saturday accredited programs to increase towel production capability at its Anjar, Kutch (Gujarat)-primarily based plant to 1,02,000 metric tonnes for every annum (MTPA) from the existing 85,400 MTPA.

“Holding in watch the new trend of clients concentration to track the entire benefit chain i.e., ‘Farm to Shelf’, the board has permitted an financial commitment in 40 looms for towel cloth at Anjar which

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