The JNPA Logistics Game Changer: Welspun One's ₹2,300 Crore Vision

Welspun One Logistics Parks has secured a Rs 2,300 crore construction financing from the National Bank for Financing Infrastructure and Development (NaBFID) for its flagship logistics park at Jawaharlal Nehru Port Authority (JNPA). This 22-year term loan marks a significant milestone for Welspun One and represents NaBFID's first-ever warehousing-related financing.

The logistics park, located on a 55-acre site within the JNPA Special Economic Zone (SEZ) in Navi Mumbai, will cover more than 3.6 million sq. ft. and is designed to meet the growing demands of sectors such as e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing.

Co-Founder and Managing Director of Welspun One, Anshul Singhal, stated, "This park will set new benchmarks in efficiency and scalability, supporting India's rising demand for high-quality warehousing solutions. With NaBFID’s support, we are positioned to fast-track execution and continue delivering long-term value for our stakeholders."

NaBFID's Deputy Managing Director, Samuel Joseph, emphasized, "While we have financed other warehousing projects, this one is distinct as it is located in a SEZ and is being built to international standards." This highlights Welspun One’s dedication to large-scale infrastructure development, aligning with India’s vision to enhance its warehousing capabilities and accelerate economic growth with state-of-the-art logistics solutions.

News by Rahul Yelligetti.