Welspun One has achieved a significant milestone with the financial closure of its Rs 2,700-crore logistics and warehousing project located at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai. The project will come up in a Special Economic Zone (SEZ) adjacent to the port and will be India's largest single-location Grade-A warehousing development.

This strategic project, which spans 55 acres, marks a transformative step for India’s rapidly growing logistics sector. Backing this ambitious infrastructure is the National Bank for Financing Infrastructure and Development (NaBFID), which has extended a 22-year term loan to Welspun One, aligning with the project's long implementation timeline and capital-intensive structure.

NaBFID's Growing Interest in Warehousing Sector

The deal is part of NaBFID’s strategic push into warehousing, a sector gaining significant attention due to the explosion in e-commerce, third-party logistics, and manufacturing demand. Over the past year, NaBFID had already invested Rs 745 crore in NDR InvIT Trust through long-term bond subscriptions.

Samuel Joseph, Deputy Managing Director of NaBFID, emphasized the suitability of long-duration financing models for infrastructure developments like warehousing in SEZs. According to him, the JNPA project is unique not just in scale, but in its location within an SEZ and its international standard construction.

Unprecedented Scale and Development Potential

According to a company release, the JNPA logistics park will offer over 3.6 million square feet of warehousing space. The facility will cater to a broad range of sectors including:

• Third-party logistics

• E-commerce

• Consumer goods

• Manufacturing

Welspun One co-founder and Managing Director Anshul Singhal called this milestone a “pivotal step” in the company's mission to deliver world-class logistics and industrial infrastructure. The backing from NaBFID empowers the company to expedite execution timelines while focusing on long-term stakeholder value creation.

Advisory and Strategic Support

Welspun One was advised by leading firms such as:

• CBRE (Property Consultants)

• Saraf and Partners (Law firm)

• BDO (Consulting firm)

These firms played a critical role in successfully facilitating the fund-raising process from NaBFID and ensuring regulatory and strategic compliance.

Strategic Financial Moves and Future Plans

In parallel with the JNPA project, Welspun One is aggressively scaling its investment footprint. The company is already raising Rs 4,000 crore for its alternative investment fund (AIF) strategy, aiming to boost its assets under management (AUM) to $1 billion.

Welspun One has already deployed its first and second AIF funds and has built an operational warehousing portfolio of over 22 million square feet. The company is targeting tier-1 and tier-2 cities, with a special focus on infrastructure readiness and demand hotspots.

Goenka Family's Stake Sale in the Works

In a major development, the Goenka family, promoters of the Welspun Group, is currently in talks to partially or fully divest their stake in Welspun One. Several large domestic and global logistics and private equity firms are reportedly bidding for the stake, with valuation estimates ranging between $100 million to $120 million.

This potential transaction could bring in fresh strategic investors, enabling further expansion, innovation, and technology integration in Welspun One’s warehousing operations.

Warehousing Sector in India – A Sunrise Industry

The warehousing and logistics sector in India is witnessing rapid transformation, driven by:

• E-commerce boom

• Need for integrated supply chains

• GST-led structural shifts

• Increasing demand for Grade-A spaces

With its strategic port connectivity, tax incentives in SEZs, and robust investor interest, the JNPA project positions itself as a national model for warehousing excellence.

The fact that a government-backed infrastructure financier like NaBFID is committing long-term capital to this project highlights strong institutional confidence in the segment’s potential.

Conclusion

Welspun One’s financial closure for its SEZ-based JNPA warehousing project, backed by NaBFID, is not just a win for the company but a landmark moment for India’s infrastructure financing and logistics landscape. With its world-class development standards, massive scale, and strategic location, the project is set to redefine warehousing norms in India.

As Welspun One continues to raise funds, expand its asset base, and attract marquee investors, its journey will be a key bellwether for India’s warehousing evolution, particularly within SEZs and port-linked economic corridors.

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