Welspun One to Build India's Largest Warehouse

27 Nov 2024 , 03:27 PM

Manager of industrial real estate and logistics The Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai will host the largest single-location Grade A warehouse and industrial park in India, which would span 55 acres and be developed by Welspun One with an investment of more than Rs 2,700 crore.

The park was once planned to be 1.2 million square feet in size, requiring an investment of Rs 700 crore. To meet the increasing export-import demand at the JNPA Port, the conglomerate Welspun World’s warehousing platform has now been upgraded to 4.45 million square feet of built-up area.

The massive project, which is the result of a strategic partnership between JNPA and Welspun One, will include 250,000 square feet of Grade A office space, industrial space, and 3.95 million square feet of warehouse space.

“A logistics solution that goes beyond storage has long been needed by India’s port ecosystem. This facility is expected to revolutionise supply chain and logistics operations in India and improve India’s standing in international commerce and business-friendly environment. Anshul Singhal, MD of Welspun One, stated, “We are constructing an international facility that delivers efficiency and cost-effectiveness by identifying the strategic location and collaborating with a global team of designers and engineers from Japan, Singapore, and the Middle East.”

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