Welspun to invest Rs 4000 crore in Gujarat

AHMEDABAD: Home textiles company Welspun India Ltd will make fresh investments to the tune of Rs 4000 crore in Gujarat over the next 3-5 years, Welspun Group chairman BK Goenka said on Wednesday.

Goenka said the company will sign three MoUs with the Gujarat government during the Vibrant Gujarat 2017 summit in Gandhinagar.

"Investment of around Rs 2,000 crore will be made towards coastal economic zone, Rs 1,000 crore towards technical textile enhancement and yet another Rs 1000 cr in advanced textile," he told ET on the sidelines of the summit today.

In the last decade, the company has invested Rs 10,000 crore in the state, he added.