Mumbai, April 9 -- Welspun One Logistics Parks (WOLP) has secured a major funding of Rs 23 billion to develop a large-scale logistics and warehousing park near the Jawaharlal Nehru Port Authority (JNPA) in Maharashtra. This project is being executed in collaboration with JNPA, previously known as JNPT, and marks a significant step toward enhancing India's supply chain infrastructure.
The upcoming park, part of the government's PM Gati Shakti initiative, will be a multimodal logistics hub that integrates road, rail, and port connectivity. Spread across a strategic location near Nhava Sheva, the facility is expected to facilitate efficient cargo movement, reduce logistics costs, and promote industrial growth in the region.
The funding, sourced through a mix of debt and equity, reflects growing investor confidence in infrastructure-led development. Welspun One aims to make this logistics park a benchmark in green, tech-enabled warehousing, targeting top-tier clients across e-commerce, manufacturing, and FMCG sectors.
With construction expected to commence soon, the project aligns with India's national logistics policy, seeking to boost export efficiency and turn India into a logistics powerhouse through public-private partnerships.
Published by HT Digital Content Services with permission from Construction World.