Welspun One Logistics Parks (Welspun One) on Sunday announced the financial closure of its logistics park project at Jawaharlal Nehru Port Authority (JNPA) with a construction financing of ₹2,300 crore underwritten by the National Bank for Financing Infrastructure and Development (Nabfid).
The JNPA logistics park, spanning 55 acres, is Welspun One’s largest logistics development in India. The logistics park is located within the JNPA Special Economic Zone in Navi Mumbai. The grade A industrial and warehousing facility will cater to e-commerce, 3PL, FMCG, and manufacturing sectors.
Anshul Singhal, co-founder and managing director, Welspun One, said: “The financial closure of our JNPA project marks a pivotal step in our journey to create world-class logistics and industrial infrastructure.”