Welspun, a prominent player in the textile sector in Gujarat, having its textile manufacturing facilities in Vapi and Anjar in Kutch, announced its first major expansion out of the state in Odisha.
Welspun has chosen to invest Rs 3,050 crore in Choudwar, Odisha, to build an integrated textile manufacturing and warehousing complex. The Odisha government has applauded this decision, which represents a major change in Welspun’s investment plan and suggests that textile giants may move from Gujarat to states with more hospitable business climates.
Chief Minister Naveen Patnaik laid the foundation stone for Welspun’s ambitious project, demonstrating Odisha’s proactive approach to luring textile investments. Insiders in the business disclose that this is Welspun’s first significant entry into the textile industry outside of Gujarat, underscoring the changing nature of the Indian textile industry.
