Published On:November 28 2024
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Welspun One Commits ₹2,700 Crore to Warehousing Park at JNPA SEZ.
Welspun One Logistics Parks has announced a ₹2,700-crore investment in a 4.45-million-sq-ft warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. This expansion significantly surpasses its original plan of a 1.2-million-sq-ft facility with an investment of ₹700 crore, reflecting growing export-import demand at India’s busiest container port.
The project will include 3.95 million sq ft of warehousing space, 2.5 lakh sq ft of Grade-A office space, and an additional 2.5 lakh sq ft of industrial space. With an annual throughput capacity of 36,000 TEUs, Welspun One claims the facility is the largest of its kind in the country.
Strategically located within 5 km of JNPA’s port terminals, the park offers direct vessel access and proximity to key infrastructure such as the Mumbai Trans Harbour Link, National Highways, the Dedicated Freight Corridor (West), and the upcoming Navi Mumbai Airport.
The facility is designed for efficiency, featuring three floors with 12-meter floor-to-floor height, 30-ft-wide ramps for smooth cargo flow, six-tonne floor load capacity, over four lakh pallet positions, and parking for more than 600 trucks.
Welspun One highlighted the park's potential to serve diverse sectors such as chemicals, automotive, FMCG, pharmaceuticals, and electronics, offering integrated logistics solutions that improve operational efficiency and cut costs by up to 15%. Businesses operating within the SEZ can also benefit from GST exemptions, customs duty deferment, faster customs clearance, and reduced detention or demurrage risks.
The project is expected to generate over 5,000 direct and indirect jobs. Welspun One recently raised ₹2,275 crore through one of its funds, with 70% of the amount already committed and 45% drawn down.
HBL