Here’s some positive news in these challenging times!
Indian textile giant Welspun Group has launched its greenfield manufacturing facility near Hyderabad. At an investment of Rs. 1,100 crore, it will be a fully integrated and independent flooring vertical.
The Group will also start a manufacturing facility for advanced textiles and will invest Rs. 400 crore in this textile facility.
Telangana’s Minister for Industries and IT&C, KT Rama Rao, inaugurated the tile facility and laid the foundation stone for the textile unit.
Spread across 200 acres, this factory will employ around 1,600 people directly.
Though India will remain the main focus for the company, the products produced in this unit will be exported across the globe.
BK Goenka, Chairman, Welspun Group, Mukesh Savlani, President & CEO-International Business of the company and many other dignitaries were present on this occasion.
What an incredible feeling to be witnessing this momentous occasion in Welspun history! This new venture of Welspun Flooring is sure to disrupt the flooring segment through world class product range. https://t.co/l9J63kE586
— Balkrishan Goenka (@BKGoenka) July 25, 2020
