Welspun India, Asia’s leading terry towel manufacturer will invest Rs. 2,500 crore to expand its manufacturing capacities over the next 12 months. The new facility will be involved in doubling its spinning capacity to over 3,00,000 spindles, thereby fulfilling nearly 70 percent of the fine and super fine yarn requirements of the company. This will also help the company strengthen its core competencies of quality and innovations. The company will also invest in modernization and expansion of its towel manufacturing capacity at Vapi, Gujarat. Recently, Welspun set up 1,70,000 spindles spinning capacity unit at Anjar with an investment of around Rs. 800 crore.
