Welspun India’s vertical integration project to increase spinning and weaving capacity is on schedule and expected to be completed by the end of financial year ’14. In April, 2013, the company’s subsidiary, Welspun Captive Power Generation, commissioned a thermal power plant at Anjar. Apart from ensuring quality, and availability of key intermediate products such as yarn and fabric, the backward integration will contribute to improve the profitability of Welspun significantly.

The vertical integration project, once completed, will lead to further improvement in profitability. The captive power plant is ramping up generation, thus lowering power costs further and contributing to better profitability. The company will continue its focus on innovation, strengthening customer relationships and improving supply chain efficiency which will help it become the top home textile company in the world. With a distribution network in 32 countries and manufacturing facilities in India, Welspun is the largest exporter of home textile products from India. 

India’s competitiveness against six benchmark countries (including China, Pakistan and Bangladesh) has significantly improved in the last 10 years thanks to factors such as technology upgradation, competitive power and wage costs, and a holistic enabling environment. This has resulted in the Indian textile industry, especially home textiles, gaining market share in the global arena. The market share gain is expected to continue, supported by domestic factors such as surplus cotton and favorable government policies.