Welspun World has committed to investing Rs 300 crore in Jharkhand's plastic manufacturing sector, focusing on PVC-based plastics at the proposed Deoghar park.

The company is also exploring investment opportunities in critical minerals and logistics, sectors that are becoming increasingly important for India's industrial and energy transition. During the World Economic Forum in Davos, Welspun World’s Founder Chairman, B K Goenka, met with Chief Minister Hemant Soren, who presented details about the state's industrial infrastructure, policy support, and ease of doing business. Welspun World showed a keen interest in the plastic park and expressed intentions to expand into other sectors.

Additionally, the company met with Yusuff Ali, founder of the Lulu Group, to explore potential tie-ups for Jharkhand’s agriculture and forest-based products, which could provide direct economic benefits to local farmers and communities. "We are excited about the possibilities in Jharkhand's industrial and agricultural sectors," Chairman Goenka said.