# Welspun India approves Rs 600 crore investment in flooring solutions

Welspun India's board approved a capital investment of Rs. 600 crore in manufacturing world-class carpets and rugs. The capex will be spread over 18 months in FY18 and FY19.

- Type: Investment
- Announced: 2016-11-15
- Where: India
- Value: $90.0M (6.00B INR)
- Status: announced
- Products: carpets, rugs
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Welspun India](https://endata.com/companies/19665.md)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-welspun-india-approves-capital-investment-of-rs-600-cr-116111500791_1.html), 2016-11-15: "the Board of the Company at its Board Meeting held on 15 November 2016, had approved the capital investment of Rs. 600 crore in flooring solutions i.e., manufacturing of world class carpets, rugs etc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.