Welspun India aims 50% revenue from innovation-based products by 2022

Textile Welspun India is eyeing about 50 per cent of its revenue from innovation-based products by FY2021-22, a top company official said. The company, which offers bath, bedding and flooring solutions, has 29 active patents globally.

"We expect revenue from innovation-based products to grow significantly in the years to come. We see at least 50 per cent of our revenue from innovation-based products. We see this happening by year 2022. Our innovation-based products are relevant to the customers," Welspun India CEO and Joint Managing Director Dipali Goenka while speaking with leading media agency.

At present, around 25-30 per cent of Welspun India's sales come from innovation-based products.

( News Source:PTI)