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Home textiles major Welspun India Limited (WIL), part of the Welspun Group has unveiled its new spinning facility of 170,000 spindles at Anjar, Gujarat - the largest under one roof in India.
The new facility at Welspun City, a 2,500 acre township in Anjar was inaugurated by Gujarat chief minister Anandiben Patel on Saturday, along with Santosh Kumar Gangwar, minister of state for textiles (independent charge), Government of India, and Saurabh Patel, minister of finance, Government of Gujarat.
The expansion is part of a Rs 2500 crore investment aimed at growing textiles business.
"This expansion of our Anjar Plant is a major milestone that represents our long-term commitment to the Indian economy and the government's 'Make In India' vision. Our core competencies of quality and innovation will get further strengthened through increased self-sufficiency, better quality control and an efficient supply chain that will enable us to take the next leap forward. We are very grateful to the state government of Gujarat for extending their proactive support as we expand our operations," said Balkrishna Goenka, Chairman, Welspun Group.
The new facility will double spinning capacity to over 300,000 spindles, thereby fulfilling nearly 70 per cent of the internal yarn requirements of Welspun. Further, it will pave way for improvements in the company's supply chain with lesser dependency on external sourcing, the company stated in an official communique. Post the new facility, Welspun India envisages more emphasis on better quality and increased profitability which in turn will help consolidate its leadership position in the global home textiles industry.
Speaking at the inauguration, Gujarat chief minister Anandiben Patel said, "Congratulations to Welspun Group for this major achievement which clearly reflects the strong co-operation and support between the State Government and the company. This expansion comes as a major vote of confidence to Gujarat as it will generate employment opportunities and further propel the state government's vision of generating robust economic growth in years to come."
According to Welspun India, the expansion project reflects the ethos of the Government of Gujarat's recent 'Farm-Factory-Fabric-Fashion-Foreign' Textile Policy, which is aimed at strengthening the entire textile value-chain.
