Home / Knowledge / News / Textiles / Welspun to spend Rs 7bn to raise its cotton & yarn output
Welspun to spend Rs 7bn to raise its cotton & yarn output
Feb '13
In a bid to gain higher self-sufficiency in raw material, Mumbai-based textile conglomerate Welspun India plans to enhance cotton and yarn production at its two Gujarat-based plants, and plans to spend over Rs. 10 billion to achieve this during next fiscal year.
Engaging in production of home textiles like bed linen, basic bedding, decorative bedding, terry towels, rugs and bathrobes, Welspun currently operates two production facilities at Vapi and Anjar in Gujarat.
Welspun is pursuing vertical integration and intends to invest about Rs. 7-10 billion for expansion and addition of new spinning and weaving equipments at the two facilities during next fiscal year, Rajesh Mandawewala, Managing Director of the firm, told PTI, Business Line reported.
The company presently produces 40 percent of its overall yarn and fabric requirement on its own, and this proportion would grow to 75 percent post expansion, he said.
The firm also intends to boost its turnover from existing US$ 650 million to US$ 1 billion over the next four years, and is hopeful of achieving this target owing to good performance in the local as well as the global markets, Mr. Mandawewala said.
Further, the entry of multinational retailers in India through foreign direct investment (FDI) route would also help the company in boosting its sales, he added.
Welspun produces around 45 million metres of bed linen, 44,000 tons of towels and 10,151 tons of rugs, annually, and exports over 90 percent of the same. 
The US alone contributes about 60-65 percent of the firm’s revenues, but the firm is trying to expand in new markets like Canada, Brazil and China.
Around 14 percent of the company’s overall revenues for last year came from Europe, which is expected to grow to around 20 percent this year, Welspun MD said.
He added that the European market would grow as big as the US for the firm, if the Free Trade Agreement (FTA) between India and Europe materializes.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search