Welspun One Secures ₹2,300 Crore Funding for Navi Mumbai Logistics Project

Welspun One Logistics Parks has announced the financial closure of its flagship logistics park project at Jawaharlal Nehru Port Authority (JNPA). The project has secured ₹2,300 crore in construction financing from the National Bank for Financing Infrastructure and Development (NaBFID).

Loan Details

The ₹2,300 crore funding is a 22-year term loan. According to NaBFID’s Deputy Managing Director, Samuel Joseph, “NaBFID is naturally suited to finance such projects with a long implementation period, requiring an extended repayment schedule. We have extended a 22-year term loan for this project”.

NaBFID has financed other warehousing projects too, but this one is unique as it will come up in a SEZ area and is being built to international standards, he said.

Project Overview

The logistics park is being developed on a 55-acre site within the JNPA SEZ in Navi Mumbai. This is currently Welspun One’s largest logistics development in India. The total planned built-up area for the project exceeds 3.6 million square feet.

As per the news report, the facility will serve multiple industries, including e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing. It aims to support warehousing and industrial requirements for these sectors within a dedicated infrastructure zone.

Location 

The site is situated within the JNPA SEZ, providing access to port and transport infrastructure. This is to help streamline cargo movement and logistics operations for companies operating out of the facility.

Execution Timeline

Welspun One stated that securing the funding enables the timely execution of the JNPA logistics park project. No specific construction timeline or phase-wise rollout has been disclosed at this time.

Conclusion

Welspun One has closed financing for its 55-acre logistics park at JNPA with ₹2,300 crore from NaBFID. With over 3.6 million sq. ft. of development potential, the project is to serve major industrial and consumer sectors from a SEZ location in Navi Mumbai.

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