Textile major Welspun plans to invest Rs 1,500 crore to expand its current textile production capacity.
Besides, the company also plans to expand its plastic production capacity in Telangana, Odisha and Gujarat.
The group plans to set up a green ammonia plant in Kutch with an investment of Rs 40,000 crore. It also plans to capitalise on the growing China +1 strategy demand from the global markets.
At the recently concluded Tamil Nadu Global Investors’ Meet, Welspun announced investments worth approximately Rs 6,000 crore. The company aims to grow its revenues to Rs 15,000 crore by 2026, says Dipali Goenka, CEO and Managing Director.
