Welspun inks deal with Karnataka for logistics park

09 Nov 2022 CW Team

Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management organisation, has entered into a Memorandum of Understanding (MoU) with the government of Karnataka to broaden its presence in the warehousing sector in South India.

The company intends to spend a total of Rs 20 billion in Karnataka with the support of this association. The warehousing facilities and logistics parks will be spread across 6.28 million sq ft and will be built over a five-year period, helping generate more than 6,000 jobs.

“Our investment crore not only paves the way for Welspun One to expand into the growing warehousing and logistics market but also significantly demonstrates our ongoing dedication to the Indian economy. This industry is going through a major transformation as more emerging sectors and other businesses create increasing demand,” said Balkrishan Goenka, Chairman, Welspun Group. Welspun One seeks to effectively utilise government and private land parcels in Karnataka for the construction of Grade A warehouse facilities and logistics parks, the company said in a release.

“As a stepping stone to bigger developments, Welspun One seeks to significantly raise the standard of the sector's operations in South India with this MoU,” said Anshul Singhal, Managing Director, Welspun One Logistics Parks.

The MoU was signed at the Invest Karnataka: Global Investors’ Meet in Bangalore.

Resources

06 Jun 2025

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..