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Warehousing and industrial real-estate sector player Welspun One announced a Rs 700-crore investment to build an industrial and logistics hub near Mumbai, within the confines of the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ). This initiative encompasses the establishment of a 1.2 million sq. ft. industrial and logistics centre spread across 55 acres.
The investment is a strategic collaboration, marking the beginning of a promising partnership between JNPA (developer) and Welspun One (co-developer) by synergizing their strengths to construct futuristic industrial and warehousing infrastructure. The project will be financed through a mix of debt and equity.
This investment positions Welspun One in close proximity to the JNPA Port, which handles 30-35% of India's container cargo volume. The location is well-connected by road, rail and air, offering duty and tax exemptions, zero GST, single-window clearances, and operational flexibility, enhancing the overall logistics value chain
With an investment of approximately INR 700 crores, covering both land and construction expenses, this project underscores Welspun One's steadfast commitment to ushering in transformative infrastructure necessary to cater to the evolving demands of the Indian trade landscape. Over a period of three years, it would create many jobs, contributing significantly to India's socio-economic development, aligning with Welspun One's broader goals of industry leadership and socio-economic progress.
This marks the second deployment from Welspun Ones’ latest Fund 2, a Rs 2,000- crore Alternative Investment Fund (AIF).
Welspun One had recently announced that it would invest Rs 600 crore in a warehousing anchored mixed-use development in the Thane region of the Mumbai Metropolitan Region (MMR). It plans to construct 6 lakh sqft (built-up area) on a 3.25 acre plot and lease it to warehousing and logistics companies operating in the e-commerce, rapid delivery, grocery, pharmaceutical and cold storage domains.
With its unwavering commitment to future preparedness, stringent governance standards, transparent processes, and a customer-centric ethos, Welspun One aims to deliver superior returns to its investors while ensuring well-equipped infrastructure for a robust supply chain advantage. At the core of Welspun One's philosophy lies sustainability. The JNPA-SEZ project, just like the company's other initiatives, prioritizes environmental stewardship, ensuring the integration of sustainable practices into its development blueprint.
In conclusion, Welspun One's ambitious foray into the development of the industrial and logistics facilities within the JNPA-SEZ underscores a pivotal shift in India's infrastructure landscape. This venture not only aligns with the company's commitment to industry leadership but also signals a proactive approach towards reshaping the nation's logistical benchmarks while embracing sustainable practices.
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