Welspun One gets Rs 23 bn boost for JNPA park
08 Apr 2025
2 Min Read
CW Team
Welspun One Logistics Parks (Welspun One) has secured Rs 23 billion in construction financing from the National Bank for Financing Infrastructure and Development (NaBFID) for its flagship logistics park project at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.
The JNPA logistics park, spread across 55 acres within the JNPA Special Economic Zone (SEZ), marks Welspun One鈥檚 largest logistics development in India. Designed to global standards, the park will offer over 3.6 million square feet of industrial and warehousing facilities catering to the e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing sectors.
NaBFID鈥檚 22-year term loan underlines its commitment to infrastructure-backed growth. 鈥淲hile we have financed other warehousing projects, this one stands out as it is located within a SEZ and is being built to international benchmarks,鈥� said Samuel Joseph, Deputy Managing Director, NaBFID.
Welspun One highlighted that the funding ensures timely project execution and boosts their mission of delivering scalable, high-quality infrastructure. 鈥淭his park will set new benchmarks in efficiency and scalability. With NaBFID鈥檚 support, we are positioned to accelerate execution and create long-term value for our stakeholders,鈥� said Anshul Singhal, Co-Founder and Managing Director, Welspun One.
The project is expected to significantly contribute to India鈥檚 growing demand for modern logistics infrastructure.
Welspun One Logistics Parks (Welspun One) has secured Rs 23 billion in construction financing from the National Bank for Financing Infrastructure and Development (NaBFID) for its flagship logistics park project at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.
The JNPA logistics park, spread across 55 acres within the JNPA Special Economic Zone (SEZ), marks Welspun One鈥檚 largest logistics development in India. Designed to global standards, the park will offer over 3.6 million square feet of industrial and warehousing facilities catering to the e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing sectors.
NaBFID鈥檚 22-year term loan underlines its commitment to infrastructure-backed growth. 鈥淲hile we have financed other warehousing projects, this one stands out as it is located within a SEZ and is being built to international benchmarks,鈥� said Samuel Joseph, Deputy Managing Director, NaBFID.
Welspun One highlighted that the funding ensures timely project execution and boosts their mission of delivering scalable, high-quality infrastructure. 鈥淭his park will set new benchmarks in efficiency and scalability. With NaBFID鈥檚 support, we are positioned to accelerate execution and create long-term value for our stakeholders,鈥� said Anshul Singhal, Co-Founder and Managing Director, Welspun One.
The project is expected to significantly contribute to India鈥檚 growing demand for modern logistics infrastructure.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
