Belgium based leading textile manufacturing company Beaulieu International Group is setting up a Rs. 100 crore technical textile plants in Uttar Pradesh with an investment of Rs. 100 crore through a joint venture with Lucknow based, Indtex International; Beaulieu holds the majority stake in the project. Beaulieu International, a US $ 1.5 billion group, is a leading global player in floor covering business and is also setting up a plant in China with an investment of Rs. 250 crore.
The plant in UP is going to be built at Dewa Road near the State capital for which the land has already been acquired by the company. The plant will manufacture extrusion of PP granules into yarn and weaving them into carpet backings. According to Iqbal Siddiqui, Managing Partner, Indtex International, the product which is currently imported would find ready market among carpet weavers and flooring material manufacturers.
