Cargo Breaking News
Welspun One has secured Rs 2,300 crore construction financing from the National Bank for Financing Infrastructure and Development (NaBFID) for its flagship logistics park project at Jawaharlal Nehru Port Authority (JNPA). The JNPA logistics park, spanning 55 acres, is its largest logistics development in India, it said. The funding by NaBFID is a 22-year term loan project. “While we have financed other warehousing projects, this project is unique as it comes up in a SEZ and is being built to international standards,” said Samuel Joseph, DMD, NaBFID. Located within the JNPA Special Economic Zone (SEZ) in Navi Mumbai, with a total development potential of over 3.6 million square feet, the industrial and warehousing facility will cater to e-commerce, 3PL, FMCG, and manufacturing sectors. Securing this funding ensures the timely execution of the JNPA project, reinforcing Welspun One’s commitment to large-scale infrastructure development, the company said in its statement. “This park will set new benchmarks in efficiency and scalability, supporting India’s growing demand for high-quality warehousing solutions. With NaBFID’s support, we are positioned to accelerate execution, while continuing to drive long-term value for our stakeholders,” said Anshul Singhal, Co-Founder and Managing Director, Welspun One.
