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21 May, 2019 14:45 IST
Welspun unveils new spinning facility at Anjar, Gujarat
Source: IRIS | 09 Dec, 2014, 12.25PM
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Welspun India (WIL), part of the Welspun Group today unveiled its new spinning facility at Anjar, Gujarat the largest under one roof in India. This new, world-class facility at Welspun City, a 2,500 acre township set up in the heart of Anjar was inaugurated by Anandiben Patel, Chief Minister of Gujarat and Santosh Kumar Gangwar, minister of state for textiles (Independent charge), Govt. of India in the presence of minister of finance, planning, E&P Saurabhbhai Patel and other dignitaries.

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.

The new facility will be instrumental in doubling spinning capacity to over 3,00,000 spindles, thereby fulfilling nearly 70% of the internal yarn requirements. Further, it will pave way for improvements in the company's supply chain with lesser dependency on external sourcing. With this development, the company also envisages more emphasis on better quality and increased profitability which in turn will help consolidate its leadership position in the global home textiles industry. 

''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.

Shares of the company declined Rs 2.95, or 0.81%, to trade at Rs 361.40. The total volume of shares traded was 2,419 at the BSE (12.13 p.m., Tuesday).

Welspun India Limited   (Q,N,C,F)*

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