Welspun One gets Rs 23 bn boost for JNPA park
ECONOMY & POLICY

Welspun One gets Rs 23 bn boost for JNPA park

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’s 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’s 22-year term loan underlines its commitment to infrastructure-backed growth. “While we have financed other warehousing projects, this one stands out as it is located within a SEZ and is being built to international benchmarks,” 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. “This park will set new benchmarks in efficiency and scalability. With NaBFID’s support, we are positioned to accelerate execution and create long-term value for our stakeholders,” said Anshul Singhal, Co-Founder and Managing Director, Welspun One.

The project is expected to significantly contribute to India’s 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’s 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’s 22-year term loan underlines its commitment to infrastructure-backed growth. “While we have financed other warehousing projects, this one stands out as it is located within a SEZ and is being built to international benchmarks,” 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. “This park will set new benchmarks in efficiency and scalability. With NaBFID’s support, we are positioned to accelerate execution and create long-term value for our stakeholders,” said Anshul Singhal, Co-Founder and Managing Director, Welspun One. The project is expected to significantly contribute to India’s growing demand for modern logistics infrastructure.

Next Story
Equipment

Caterpillar Celebrates 100 years

Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, celebrates its monumental 100th anniversary, Caterpillar team in India takes immense pride in its role in this legacy. With over 50 years of operations in India, Caterpillar has contributed significantly in building infrastructure and driving industrial progress in the country.For a century, Caterpillar’s customer-centric innovation and industry-leading transformation have helped shape the modern world..

Next Story
Resources

Rustomjee Builds Model Labour Housing in Thane

In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

Next Story
Real Estate

Young and Old Fuel India’s Housing Boom

India’s housing market is witnessing a surprising surge in interest from two distinct age groups—young professionals and senior citizens. A recent consumer sentiment survey of 1,950 prospective homebuyers reveals that both 18–24-year-olds and those aged 75 and above are showing strong intent to invest in real estate, highlighting a shift in how different generations are approaching property ownership. Young professionals, driven by rising incomes and a long-term view on wealth creation, recorded a Housing Sentiment Index (HSI) score of 164. Respondents from this group indicated they are..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?