Welspun One Launches Rs 2,700-Cr Industrial Park

Mumbai: Integrated fund and development management platform Welspun One on Wednesday announced the launch of the country’s largest single-location Grade A warehousing and industrial park at JNPA Special Economic Zone in Navi Mumbai at an investment of Rs2,700 crore.

With an annual throughput capacity of 36,000 TEUs, the facility which is a part of the strategic collaboration between Welspun One and Jawaharlal Nehru Port Authority (JNPA) can accommodate over 400,000 pallet positions along with parking provision for over 600 trucks, Welspun One said.

The 55-acre integrated logistics ecosystem project is not just a logistics hub but a strategic business enabler as it is expected to generate direct and indirect employment for over 5,000 people, strengthening the local economy, it said. JNPA handling around 35 of India’s maritime traffic is the largest container port by throughput.

Originally envisaged as a 1.2 million sq ft park which entailed an investment of Rs700 crore, the company has now upscaled the size of the project to around 4.45 million sq ft of built-up area-- 3.95 million sq ft of warehousing space, 0.25 million sq ft of Grade A office space, and 0.25 million sq ft of industrial space-- to cater to the growing export-import demand arising at the JNPA Port, Welspun One said.