Welspun One inks MoU with Haryana govt to develop warehouses

17 Mar 2022 CW Team

The integrated fund, part of the $2.7 billion Welspun Group, would bring in an overall of Rs 1,500 crores in Haryana.

The goal is to explore the available government land parcels to develop Grade A warehousing amenities across key warehousing micro-markets.

The development potential of the projects via this deal is nearly five million sq ft to be produced over 3-4 years and would also help generate more employment over 4,500 jobs.

With the collective investment yielding social and economic advantages, the state government has assured WOLP of its entire support, facilitating overall ease of doing business.

In addition, the state government would facilitate the smooth operation of approval procedures and single-window approvals for WOLP projects.

The state government has also assigned a reliable relationship manager to assure that all operations are time-bound and carried out efficiently.

Anshul Singhal, WOLP Managing Director (MD), told the media that after partnering up with the Tamil Nadu Government to invest Rs 2,500 crore, which is going well, they are now ready to start strengthening their presence in the North.

Due to the start of the Goods and Services Tax (GST) and the expansion of e-commerce, India's logistics and storage industries are on the verge of transformation.

The growth of the online retail industry has resulted in increasing demand for warehouses, resulting in greater infrastructure and supply chain modernisation expenditures, and the industrial and logistics category has emerged as a significant development driver in real estate.

Vijayendra Kumar, IAS Principal Secretary Industries and Commerce, Haryana Government, said that Haryana is emerging as a warehousing hub in NCR.

Image Source

Also read: Indian warehousing faces stiff challenge due to surging land prices

Welspun One Logistics Parks (WOLP), a development and asset management platform, has signed a Memorandum of Understanding (MoU) with the Haryana Government to build large scale warehousing facilities across the state. The integrated fund, part of the $2.7 billion Welspun Group, would bring in an overall of Rs 1,500 crores in Haryana. The goal is to explore the available government land parcels to develop Grade A warehousing amenities across key warehousing micro-markets. The development potential of the projects via this deal is nearly five million sq ft to be produced over 3-4 years and would also help generate more employment over 4,500 jobs. With the collective investment yielding social and economic advantages, the state government has assured WOLP of its entire support, facilitating overall ease of doing business. In addition, the state government would facilitate the smooth operation of approval procedures and single-window approvals for WOLP projects. The state government has also assigned a reliable relationship manager to assure that all operations are time-bound and carried out efficiently. Anshul Singhal, WOLP Managing Director (MD), told the media that after partnering up with the Tamil Nadu Government to invest Rs 2,500 crore, which is going well, they are now ready to start strengthening their presence in the North. Due to the start of the Goods and Services Tax (GST) and the expansion of e-commerce, India's logistics and storage industries are on the verge of transformation. The growth of the online retail industry has resulted in increasing demand for warehouses, resulting in greater infrastructure and supply chain modernisation expenditures, and the industrial and logistics category has emerged as a significant development driver in real estate. Vijayendra Kumar, IAS Principal Secretary Industries and Commerce, Haryana Government, said that Haryana is emerging as a warehousing hub in NCR. Image Source Also read: Indian warehousing faces stiff challenge due to surging land prices

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..