Welspun forays into flooring solutions

Welspun India Ltd, one of the leading home textiles company, is foraying into flooring solutions with the foundation stone laying of its Rs 600 crore facility in Anjar, Gujarat to manufacture carpets, area rugs and carpet tiles. To be commissioned in the next 12 months, the new plant is expected to generate a revenue of around Rs 1,000 crore for Welspun India, says BK Goenka, Chairman, Welspun.

?The plant will add another Rs 1,000 crore to the current Rs 6,000 crore of revenue. In next two to three years, we are expecting a growth of 10-15 per cent,? said Goenka.

The carpet facility will have an annual capacity of approximately 7 million square meters, with most of the capex to be done over the next 18 months. Welspun India looks to create direct and indirect jobs of over 7000 through the new facility in the Kutch region.