Welspun One gets Rs 23 bn boost for JNPA park

08 Apr 2025 CW Team

Welspun One Logistics Parks (Welspun One) has secured Rs 23 billion in construction financing from the National Bank for Financing Infrastructure and Development (NaBFID) for its flagship logistics park project at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.

The JNPA logistics park, spread across 55 acres within the JNPA Special Economic Zone (SEZ), marks Welspun One’s largest logistics development in India. Designed to global standards, the park will offer over 3.6 million square feet of industrial and warehousing facilities catering to the e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing sectors.

NaBFID’s 22-year term loan underlines its commitment to infrastructure-backed growth. “While we have financed other warehousing projects, this one stands out as it is located within a SEZ and is being built to international benchmarks,” said Samuel Joseph, Deputy Managing Director, NaBFID.

Welspun One highlighted that the funding ensures timely project execution and boosts their mission of delivering scalable, high-quality infrastructure. “This park will set new benchmarks in efficiency and scalability. With NaBFID’s support, we are positioned to accelerate execution and create long-term value for our stakeholders,” said Anshul Singhal, Co-Founder and Managing Director, Welspun One.

The project is expected to significantly contribute to India’s growing demand for modern logistics infrastructure.

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