Welspun invests Rs. 2,000 crore in TS

With an investment of Rs 500 crore, this facility is Welspun’s second investment in the same vicinity after setting up a flooring facility valued at Rs 1,500 crore a couple of years ago. The company was one of the first investors in Chandanvelli and this facility stands as a testament to its belief in Telangana’s capability of supporting businesses

Hyderabad: Welspun India Limited, the global leader in home textiles, has unveiled an advanced textile facility in Chandanvelly, Ranagareddy district of Telangana. The facility has been launched under its subsidiary WAMIL (Welspun Advanced Material India Limited) and was inaugurated by KT Rama Rao, Minister for Industries & Commerce, MA&UD, IT E&C, Government of Telangana.

With an investment of Rs 500 crore, this facility is Welspun’s second investment in the same vicinity after setting up a flooring facility valued at Rs 1,500 crore a couple of years ago. The company was one of the first investors in Chandanvelli and this facility stands as a testament to its belief in Telangana’s capability of supporting businesses.

Telangana was ranked first in ‘Ease Of Doing Business’ in 2022. The new plant will manufacture Spun-Lace which is used in categories like hygiene application, family care & more, products that are used by individuals in their daily lives. The new plant will also support the group’s new vision – ‘Har Ghar Se Har Dil Tak Welspun’ which aims to touch lives of end consumers through the businesses in their portfolio.

Speaking at the event, Dipali Goenka, Jt MD & CEO, Welspun India 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 Chandanvelli. At Welspun, our investments are decided based on a holistic view of providing quality products and enriching the lives of people.”