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Welspun India to invest $3 mn on promotion of Egyptian cotton

Deal would allow use of the Egyptian cotton logo on the packet of Welspun products for five years

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Welspun India

Dilip Kumar Jha  |  Mumbai 

Welspun corporate office building is pictured in Mumbai
Welspun corporate office building is pictured in Mumbai

After a one-time hit of Rs 501 crore on its balance sheet, home textile major has initiated damage control measures to regain the credibility it lost when leading US chains Target and Walmart pulled out its products from their stores over concerns that these may not be made of Egyptian cotton as labelled.

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First Published: Fri, February 10 2017. 01:24 IST
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