None of Indo Count‘s clients have asked for clarification on quality, says Kailash Lalpuria, Executive Director the company adding that a robust system is already in place for quality control.
The recent scrutiny into Indian textiles sector following Target severing ties with Welspun over wrongly labelled cotton sheets will only benefit the country‘s textile segment, said Deepak Shenoy, Founder of Capital Mind.
The management's comment, that it will be appointing auditors soon to look into the issue, is a damage control exercise to buy more time, says Baliga.
In an interview with CNBC-TV18, Dipali Goenka, CEO and Joint MD, Welspun India, outlined her view on the state of business and outlook going forward.
Welspun India is planning a Rs 15,000-crore capex on home textiles and renewable energy over 3 years and has recently commissioned 170,000 spindle spinning facility in Anjar, Gujarat.
Pervez Umrigar of Welspun Infratech, in an interview with CNBC-TV18’s Sonia Shenoy, spoke about the latest acquisition that they have planned and future plans road ahead.