Welspun's BK Goenka On Company's Investment Plans | NDTV Profit - video Dailymotion

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#WelspunWorld to invest over Rs 40,000 crore in Gujarat's green energy shift.   Janani Janarthanan in conversation with Chairman BK Goenka. #VibrantGujarat   For the latest news and updates, visit: https://ndtvprofit.com

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00:00 We bring you another exclusive conversation here at the sidelines of the Vibrant Gujarat Global Summit.

00:05 This time we're talking to Mr. Balkrishna Goenka, who is the chairman of the Wellspun World Group.

00:09 Sir, many many thanks for talking to us.

00:11 Firstly, I want to begin with the MOUs and the investment commitments

00:15 that we've heard throughout the course of the three days

00:17 and how Wellspun is also part of this vision.

00:20 So, I mean, we have also had a huge expansion plan

00:23 and we are entering into a new energy, particularly in green hydrogen, green ammonia

00:28 and we are expanding our existing textile capacities.

00:31 We are also expanding our plastic, what we have just recently acquired, a brand called Syntex.

00:38 We are also doing the expansion in that particular thing in Gujarat.

00:41 So overall, I think around 42,000 crore plus in the next five years,

00:45 we are going to invest in various activities, what we are in, existingly, the group is in.

00:50 Sir, I want to also bring to focus a new MOU signed in Jammu and Kashmir with respect to plastic,

00:55 something you'd also said on the stage, that this has been a new priority,

00:58 green ammonia, green hydrogen, textiles and plastics.

01:01 These were the sectors you highlighted there.

01:03 Can you give a little details on this new front at Jammu and Kashmir?

01:07 So, I mean, Jammu and Kashmir, as you heard from the LG, Mr. Manoj Sinha,

01:13 that how the whole state is being changing.

01:16 And I think the way it is becoming investor-friendly,

01:19 the way the whole industrial policy of J&K is there

01:23 and it's becoming definitely the integral part of the country now.

01:27 And we are very excited to do the first investment also in that state

01:32 within our group called Syntex, as I said, for the plastics.

01:37 And we are going to invest around 500 crore plus there.

01:39 That's great. And before I leave, your experience at the Vibrant Gujarat Summit,

01:44 as we wrap up, what would you want to talk about trends, in fact,

01:48 looking forward and your experience as a whole?

01:50 First of all, I mean, Vibrant Gujarat is making India vibrant.

01:54 You can see in the last three years the whole enthusiasm and the whole vibration.

01:59 And I think the new trend, as you said, as you asked,

02:02 I think the new energy, the fab, the semiconductors,

02:07 the whole focus is on the futuristic thing,

02:11 whether it is battery, whether it is EVs, whether it is, you heard about Suzuki.

02:15 I think all in all, all the futuristic thing is going to be,

02:20 you know, again, Gujarat is going to lead in next coming five to seven years.

02:24 Thank you.

02:26 Thank you.

02:27 (dramatic music)

Welspun's BK Goenka On Company's Investment Plans | NDTV Profit

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