Welspun has seen many ups and downs in its 31-year history as it evolved from a commodity manufacturer to a branded supplier with manufacturing plants in the western state of Gujarat. It's one of the few Indian textile companies to have established a strong manufacturing presence at a time when others have either moved out of manufacturing or outsourced it. After its own failed effort a decade ago to try production abroad, Welspun spent nearly $380 million over the past three years beefing up domestic output so that more things can be done in-house. An additional $120 million has been earmarked for such expansions this year. The company says all plans are still on track. The Goenkas, who engineered a textile comeback in the last few years after a retail push at home also soured, will have to do a repeat act.