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KTR inaugurates advanced facility of home textiles giant Welspun Group in Hyderabad

With an investment of ₹500 crore, this is Welspun’s second investment in the same vicinity after setting up a facility two years ago.

Raj Rayasam

Published Feb 22, 2023 | 4:06 PM ⚊ Updated Feb 22, 2023 | 4:06 PM

Welspun group Hyderabad

KTR visiting the newly inaugurated facility of Welspun Group. (KTRBRS/Twitter)

Welspun India Limited, a global leader in home textiles, unveiled an advanced textile facility in Chandanvelly in the Rangareddy district of Telangana on Wednesday, 22 February.

The facility was launched under its subsidiary WAMIL (Welspun Advanced Material India Limited) and was inaugurated by the Telangana Industries & Commerce Minister KT Rama Rao.

With an investment of ₹500 crore, this facility is Welspun’s second investment in the same vicinity after setting up a flooring facility valued at ₹1,500 crore two years ago.

Welspun was one of the first investors in Chandanvelly and this facility stands as a testament to Welspun’s belief in Telangana’s capability of supporting businesses. Telangana was ranked first in ‘Ease Of Doing Business’ in 2022.

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Plant to manufacture spun-lace

The plant will manufacture spun-lace which is used in categories like hygiene application, family care and more, products that are used by individuals in their daily lives.

The new plant will also support the group’s new vision of ‘Har Ghar Se Har Dil Tak Welspun’ according to which, the Welspun Group wants to touch the lives of end consumers through the businesses in their portfolio.

Speaking at the event, Welspun India Jt. MD and CEO Dipali Goenka said, “The new facility will not only strengthen the growing portfolio of Welspun but also create more than 12,000 direct & indirect jobs that will benefit the surrounding communities of Chandanvelly. At Welspun, our investments are decided based on a holistic view of providing quality products and enriching the lives of people.”

Global leader in home textiles

“Welspun India Ltd (WIL), part of the $2.3 billion Welspun Group, is a global leader in home textiles. With a distribution network in more than 50 countries and world-class manufacturing facilities in India, Welspun is a strategic partner of global retailers. By adapting to an agile and flexible work structure, embracing efficient working capital management and expanding its current market segments, Welspun endeavours to create value for its stakeholders at each step,” a press release by the group claimed.

“Welspun India has chosen to adopt a holistic ESG (environmental, social, and governance) approach with an aim to propel the well-being of all their stakeholders at each stage of their operations. The company aims to drive a powerful positive impact on the back of a strategic map to advance systematically on the path of sustainable development. WIL is driven by its differentiation strategy based on Branding, Innovation and Sustainability, the company added in the press release.

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