Mumbai: Sintex, part of Welspun World and pioneer in Water Storage Tanks in India has announced its new manufacturing unit in Madhya Pradesh. The proposed facility will be for Plastic Pipes and Water Storage Tanks with an approx. investment of Rs. 400 crore. The project is likely to create employment opportunities for about 350 people.
More details regarding this investment will be finalized and shared in due course.
Dr. Mohan Yadav, Hon’ble Chief Minister, Madhya Pradesh, performed the virtual ground-breaking for the facility in presence of Mr. Chetanya Kumar Kasyap, Hon’ble Minister, Micro, Small & Medium Enterprises, Govt of Madhya Pradesh, Mr. Vipul Mathur, Managing Director & Chief Executive Officer, Welspun Corp Ltd, Dr. Prabhuram Choudhary, Hon’ble MLA, Sanchi Vidhansabha, dignitaries and senior government officials of Madhya Pradesh during the ‘Invest MP Regional Industry Conclave 2024’ at Ujjain, Madhya Pradesh.
Speaking on the occasion, Dr. Mohan Yadav, Hon’ble Chief Minister said, “There is a huge potential for industries in MP, which in turn, will provide great support to the overall development of the state. Our endeavour is to set up different types of industries in each district. We are committed to make MP an industrial hub and will extend all the support to industries to expand in the state.”
Commenting on the development, Welspun Corp MD & CEO, Mr Vipul Mathur said, “As a stated strategy, Sintex has already announced its foray into the Plastic Pipes segment while, simultaneously improving its market share in Water Storage Tanks segment. This momentous occasion marks a significant milestone in our commitment to innovation, excellence, and community development. Welspun Corp is already successfully running its Line Pipe manufacturing operations in Madhya Pradesh and the current development will further strengthen our relationship. As we embark on this exciting journey, we extend our heartfelt gratitude to the government of Madhya Pradesh for their unwavering support and encouragement.”
Strategically located in Bhopal, our new facility represents a substantial investment in the region, signalling our dedication to fostering economic growth and technological advancement within Madhya Pradesh. This modern facility encompasses cutting-edge technology, and sustainable practices, reflecting our unwavering commitment to environmental stewardship and operational efficiency.
The inauguration of this facility is a testament to our vision of driving progress and empowering local talent. We are proud to create employment opportunities and cultivate a skilled workforce, thereby contributing to the socio-economic development of the region. Through collaborative partnerships with educational institutions and local stakeholders, we aim to nurture a culture of innovation and knowledge-sharing.
Welspun World, a US$ 5 billion diversified conglomerate with a strong presence in textiles, steel, line pipes, and flooring solutions, acquired Sintex BAPL, a leading manufacturer of Water Storage Tanks and other plastic products through its flagship company Welspun Corp Limited in 2023.
