In a major development for India’s logistics and warehousing sector, Welspun One has leased 2.10 lakh sq. ft. of Grade A+ space to Indev Infra Pvt Ltd at its flagship project, WTC Nhava Sheva, located within the Jawaharlal Nehru Port Authority (JNPA) SEZ.
The leased space will be utilized for warehousing and integrated logistics operations within the Special Economic Zone (SEZ), reinforcing the project’s positioning as a future-ready, port-linked trade and logistics hub.
This transaction marks one of the early leasing milestones at WTC Nhava Sheva, which is Welspun One’s largest development in India. The project is witnessing strong initial traction as demand shifts toward integrated logistics ecosystems that combine warehousing, trade facilitation, and value-added services in a single location.
Indev Infra plans to use the facility as a strategic hub to expand its Free Trade Warehousing Zone (FTWZ) operations. The company, known for its expertise in FTWZ development, will offer end-to-end logistics solutions at the site. These include temperature-controlled storage, vendor-managed inventory (VMI), and EXIM cargo handling—services that are increasingly in demand as global supply chains evolve.
The WTC Nhava Sheva project, with a total investment of ₹2,700 crore, is being developed as a large-scale integrated ecosystem spanning warehousing, manufacturing, and commercial operations. The development is backed by financing from National Bank for Financing Infrastructure and Development (NaBFID), highlighting institutional confidence in the project.
According to Neeraj Balani, Chief Customer Officer at Welspun One, the deal reflects strong occupier confidence in the company’s “Gateway platform” at JNPA SEZ. Spread across 55 acres with a development potential of 4.45 million sq. ft., the project offers key SEZ advantages such as duty benefits, faster clearances, and operational flexibility.
Dr. S. Xavier Britto, Chairman of Indev Infra, emphasized that the partnership will help the company scale its logistics capabilities and manage trade flows more efficiently. He also highlighted that the SEZ framework, combined with Welspun One’s leasing-led model, provides a non-compete environment, allowing greater operational control.
Strategically located, Jawaharlal Nehru Port handles nearly one-third of India’s container traffic and is expanding toward a capacity of 10 million TEUs. In this context, WTC Nhava Sheva is expected to play a crucial role in supporting India’s growing EXIM (export-import) trade by offering high-quality, integrated logistics infrastructure.
This partnership underscores the increasing importance of port-led development and integrated logistics hubs in India’s industrial and trade growth story.
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