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Welspun One, a leader in India's warehousing and industrial real estate sector, is embarking on a transformative journey with its latest project within the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ). This ground-breaking initiative involves the development of a 1.2 million sq. ft. industrial and logistics hub spread across 55 acres, signifying a paradigm shift in India's infrastructure.
With an investment of ~INR 700 crores, encompassing land and construction costs, this project underscores Welspun One's unwavering dedication to bring transformative infrastructure required to service changing needs of Indian trade participants. This strategic collaboration marks the beginning of a promising partnership between JNPA (developer) and Welspun One (as co-developer), leveraging synergies to build future-ready industrial and warehousing infrastructure.
This marks the 2nd deployment from Welspun Ones’ latest Fund 2 – an INR 2000 crore Alternative Investment Fund. Notably, this project, financed through a mix of debt and equity, showcases Welspun One’s dedication to pioneering innovative solutions in the logistics sector. Beyond infrastructure enhancement, it represents a step toward redefining national industrial and logistical standards. Over a period of 3 years, this development is poised to create many jobs, contributing significantly to the nation's socio-economic development, aligning with Welspun One's broader goals of industry leadership and socio-economic progress.
This announcement follows Welspun One's recent strategic land acquisition in Thane, MMR. The Thane development, a logistics-anchored mixed-use project, is currently underway to create 1 million sq. ft. of advanced 'last mile' warehousing facilities, demonstrating the company's commitment to future-centric warehousing strategies that blend logistics-anchored real estate with advanced warehousing methodologies.
Central to Welspun One's ethos is sustainability. The JNPA-SEZ project, like the company's other ventures, prioritizes environmental stewardship, ensuring sustainable practices are at the heart of development.
This investment in the JNPA-SEZ strategically positions Welspun One in close proximity to the JNPA Port, which handles 30-35% of India's total containerized cargo volume. The location is well-connected to national highways, railways, and airports, offering duty and tax exemptions, zero GST, single-window clearances, and operational flexibility, enhancing the overall logistics value chain.
Balkrishan Goenka, Chairman, Welspun World, stated, "We are compelled to offer our communities the chance to flourish and evolve. By empowering businesses and fostering employment, we are driven to generate significant regional and economic influence. The JNPA project is a declaration of our commitment to industrial excellence and the future of India's industrial framework."
Anshul Singhal, Managing Director, Welspun One, added, "We are truly delighted to partner with JNPA as co-developers in the SEZ, and really appreciate the systems and processes experienced while bidding, and also the customer centricity shown by JNPA team members in the whole process. This partnership propels us into the future, bolstering our presence in key trade hubs and delivering comprehensive supply chain solutions. We are determined to redefine India’s industrial framework by offering sophisticated solutions that meet today's business needs."
With its commitment to future readiness, strict governance standards, transparent processes, and a customer-centric approach, Welspun One delivers superior returns to its investors along with well-equipped infrastructure to ensure a robust supply chain advantage.
