Home / Knowledge / News / Textiles / Welspun to invest Rs 7 billion in technical textiles venture
Welspun to invest Rs 7 billion in technical textiles venture
03
Dec '10
Welspun India has allocated about Rs 7 billion for venturing into technical textile.

The company is planning to make an investment of Rs 6 to 7 billion into the area of technical textiles. It is expecting some assistance from the Technology Upgradation Fund (TUF) plan of the government, which is likely to be revived shortly.

The company is also expected to establish a research as well as development-based entity in the Kutch region of Gujarat, for this reason.

The company is also expecting a growth of 10 percent in its earnings from the sales during the current fiscal year.

The sales turnover stood at US $650 million during the last fiscal year and the company is seeking a hike of eight to ten percent in the overall earnings from its sales this fiscal year.

The textile company is planning to make a total investment of Rs 9 billion in two to three years' time. This includes the investment of Rs 2 billion on machinery and equipment and the remaining Rs 6 to 7 billion for foraying into technical textiles.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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