Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management organization, has signed a pact with the Uttar Pradesh government to set up warehousing facilities and logistics parks in the state at an investment of Rs 2,000 crore.
The company said it had signed an MoU with the Government of UP to broaden its presence in the warehousing sector in North India. “Welspun One seeks to effectively utilise government and private land parcels in Lucknow for the construction of Grade A warehouse facilities and logistics park. WOLP would invest Rs 2,000 crore in the State of UP with the support of this association,” the company said.
The warehousing facilities and logistics parks will be spread across about 6 mn sq ft and will be built over 3-4 years which will help generate 6,000 jobs.
