Financial Daily from THE HINDU group of publications Thursday, Aug 12, 2004 |
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Corporate
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Awards & Honours Welspun India gets operational excellence award Our Bureau
Chennai , Aug. 11 J.C. Penney, which is one of the largest retailers in the US, has conferred the "Operational Excellence Award" for 2003 on Welspun India. According to a press release, J.C. Penney has adjudged Welspun India, as it's the best global vendor for terry towels. The company was evaluated on quality, on-time delivery, costing, product development, flexibility, management strength and technology. Welspun India Ltd is the largest exporter of terry towels to the US from India and is the flagship company of the $440 million Welspun Group. Over 90 per cent of the Welspun Indian turnover is from exports. This has helped the company create a niche in the international market with its designs and innovations, the release said. The company has already made its presence in the Indian home textile market with the launch of "Spaces" to address the complete needs of the home furnishings segment. Spaces from Welspun offers a wide range of innovative products in the bath, bed and kitchen segments.
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