Welspun India Ltd plans take over of textile groups based in the US and the Europe, in line with its recent expansion plans.
Akhil Jindal, President, told media that this will help strengthen their presence in these parts of the world.
Company is hopes to acheive around Rs14.5 billion mark by 2008-2009, as a result of its Rs12.5 billion weaving and spinning development scheme.
Income recorded, inclusive of all other resources, totaled Rs4.85 billion by March 2005.
This firm is a leading manufacturer and exporter of terry-towel, bed-linen and related home furnishing products.
Being one of India's largest business house, Welspun has a total turnover of over Rs20,000 million with assets worth Rs17,000 million employing more than 10000 workers and has a strong presence in almost 50 countries with about 50,000 shareholders.
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