WELSPUN ONE INVESTS US$325 MLN TO DEVELOP INDIA'S LARGEST LOGISTICS FACILITY

 

KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)

According to a statement, this facility, which spread across 55 acres and is India’s first-of-its-kind integrated port-based logistics ecosystem, will transform the Asia Pacific supply chain.

Originally envisaged as a 1.2 million square feet (sq ft) park, which entailed an investment of US$84 million, the company has now upscaled the development to approximately 4.45 million sq ft of built-up area to cater to the growing export-import demand arising at the JNPA Port.

Welspun One Managing Director, Anshul Singhal said this investment represents not just a milestone for the company but a bold step forward in transforming India’s logistics landscape.

“By identifying the strategic location and partnering with a global team of world-class designers and engineers from Japan, Singapore, and the Middle East, we are building an international facility that delivers on the dual imperatives of efficiency and cost-effectiveness,” he said.

JNPA, handling approximately 35 per cent of India’s maritime traffic, is the largest container port by throughput. This prime location presents an unprecedented opportunity for the SEZ/Free Trade Warehousing Zones (FTWZ) segment to scale, particularly as the region has historically faced constraints in integrated facility solutions.

Welspun One’s facility addresses this gap by offering businesses across sectors like chemicals, automotive, fast-moving consumer goods (FMCG), pharmaceutical, and electronics with an integrated, cost efficient logistics solution in a high potential area.

The state-of-the-art facility is strategically located near critical transport hubs, offering significant logistical advantages. It will feature 3.95 million sq ft of warehousing space, alongside industrial and office spaces, with a high capacity for cargo handling and truck parking.

The project is expected to generate direct and indirect employment for over 5,000 people, strengthening the local economy, as well as providing occupiers additional benefits such as exemption of Goods and Services Tax (GST), customs duty deferment, faster customs clearance, and minimal detention or demurrage risks.

All of this enables seamless movement of goods and optimised inventory management, resulting in improved operational efficiency and significant cost savings of up to 15 per cent, in addition to improving the logistical efficiency of the port making the project an ideal hub for international businesses looking to optimise their supply chains.

-- BERNAMA