Arvind and Welspun India are set to invest in integrated textile parks and manufacturing facilities in Gujarat.
Arvind is planning to invest Rs 2,000 crore in an integrated textile park. The company is scouting for a land of over 200 acre for setting up an integrated textile park that can house around 50 units near its existing plant at Santej. Whereas, Welspun India is investing close to Rs 3,000 crore for an integrated manufacturing plant which will focus on almost the entire textile value chain, right from spinning, weaving, processing and manufacturing. Soon, both the companies will be signing an MoU for the same at the upcoming Vibrant Gujarat Summit 2013.