Welspun One to Build India’s Largest Warehousing Park at JNPA SEZ

02 Dec 2024 CW Team

Welspun One, a logistics and industrial real estate manager, plans to invest over ?2,700 crore to develop India’s largest single-location Grade A warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai.

Initially envisioned as a 1.2 million sq ft facility with an investment of ?700 crore, the project has been expanded to 4.45 million sq ft to address rising export-import demands at JNPA, which handles 35% of India’s maritime traffic.

The state-of-the-art park will feature 3.95 million sq ft of warehousing space, 250,000 sq ft of Grade A office space, and 250,000 sq ft of industrial space. With its strategic location, just 5 km from port terminals and close to critical transport networks such as the Mumbai Trans Harbour Link and the upcoming Navi Mumbai Airport, the park is set to become a logistics hub.

“India’s port ecosystem needs solutions beyond storage. This facility will elevate India’s position in global trade and ease of doing business,” said Anshul Singhal, MD, Welspun One.

Slated to be operational by Q1 2026, the facility will serve sectors like chemicals, automotive, FMCG, pharmaceuticals, and electronics. The project will generate over 5,000 jobs and provide SEZ occupiers benefits like GST exemptions and faster customs clearance.

With advanced features such as unidirectional ramps, 6-ton floor load capacity, and an annual throughput of 36,000 TEUs, the park promises efficiency and cost-effectiveness. Welspun One’s Fund 2 has already secured ?22.75 billion, underscoring investor confidence in its logistics-driven developments.

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