Mumbai, April 8 -- Welspun One Logistics Parks (Welspun One) on Sunday announced the financial closure of its flagship logistics park project at Jawaharlal Nehru Port Authority (JNPA), backed by Rs 2,300 crore in construction financing underwritten by the National Bank for Financing Infrastructure and Development (Nabfid).

Spanning 55 acres, the upcoming facility marks Welspun One's largest logistics development in India.

Strategically located within the JNPA Special Economic Zone (SEZ) in Navi Mumbai, the state-of-the-art Grade A industrial and warehousing complex will serve a range of sectors including e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing.

With a total development potential exc...