Welspun One Logistics Parks (Welspun One) has managed to get financial closure for the logistics park project at Jawaharlal Nehru Port Authority (JNPA). The National Bank for Financing Infrastructure and Development (NaBFID) has underwritten Rs. ~2,300 crore in construction financing, underscoring the project's viability and Welspun One's credibility in the logistics sector.
The JNPA logistics park, spanning 55 acres, represents Welspun One's largest logistics development in India. Strategically located within the JNPA Special Economic Zone (SEZ) in Navi Mumbai, this state-of-the-art, Grade A industrial and warehousing facility will cater to e-commerce, 3PL, FMCG, and manufacturing sectors. With a total development potential of over 3.6 million square feet, the park is designed to drive efficiency across supply chains and strengthen India’s logistics infrastructure.
Anshul Singhal, Co-Founder and Managing Director, Welspun One, said, "The financial closure of our JNPA project marks a pivotal step in our journey to create world-class logistics and industrial infrastructure in India. 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.”
Commenting on the partnership, Rajkiran Rai, Managing Director, NaBFID said, “We are delighted to partner with Welspun One’s Logistics Park in JNPA. State-of-the-art facilities such as this one are a part of the Government’s plan to reduce logistics cost to the global average of 8% of GDP, in order to promote competitiveness of Indian industry.”
Mr. Samuel Joseph, DMD, NaBFID, mentioned,“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. While we have financed other warehousing projects, this project is unique as it comes up in a SEZ area and is being built to international standards.”
The successful financial closure was facilitated by the invaluable contributions of our advisory and legal partners. CBRE conducted comprehensive technical due diligence, Saraf & Partners provided legal advisory services, and BDO ensured meticulous verification and compliance.
