Welspun One Secures Rs 23 Bn Loan for Navi Mumbai Logistics Hub

09 Apr 2025 CW Team

Welspun One Logistics Parks has secured Rs 23 billion in construction financing from the National Bank for Financing Infrastructure and Development (NaBFID) for its 55-acre logistics park project at Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai. This development, the company's largest in India, offers over 3.6 million square feet of Grade A industrial and warehousing space, targeting sectors like e-commerce, third-party logistics, FMCG, and manufacturing.

Anshul Singhal, co-founder and managing director of Welspun One, emphasised that achieving financial closure marks a significant milestone in their mission to develop world-class logistics infrastructure. Rajkiran Rai, managing director of NaBFID, highlighted that this project aligns with the government's goal to reduce logistics costs to 8 per cent of GDP, enhancing the competitiveness of Indian industries.

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