In a landmark deal that underlines the growing momentum in India’s logistics infrastructure sector, Welspun One Logistics Parks has achieved financial closure for its flagship project at Jawaharlal Nehru Port Authority (JNPA) with a ₹2,300 crore construction financing facility from the National Bank for Financing Infrastructure and Development (NaBFID).
The project, located within the JNPA Special Economic Zone (SEZ) in Navi Mumbai, spans 55 acres and represents Welspun One’s largest logistics development to date. Designed as a Grade A industrial and warehousing facility, the park will cater to key sectors such as e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), and manufacturing.
With a total development potential of over 3.6 million square feet, the logistics park aims to redefine operational efficiency and scalability, strengthening India’s position as a global supply chain hub.
“This financial closure is a pivotal milestone in our journey to build world-class logistics infrastructure in India,” said Anshul Singhal, Co-Founder and Managing Director, Welspun One. “With NaBFID’s support, we are well-positioned to fast-track execution and deliver long-term value to our stakeholders. The JNPA project will set new benchmarks for the industry.”
NaBFID, established to catalyze investments in infrastructure, has extended a 22-year term loan for the project—an indication of both the project’s scale and NaBFID’s confidence in its long-term impact.
“We are proud to support Welspun One’s JNPA Logistics Park, a project aligned with the Government’s vision to reduce logistics costs to around 8% of GDP,” said Rajkiran Rai, Managing Director, NaBFID. “Projects like this will enhance India’s industrial competitiveness globally.”
Echoing the sentiment, Samuel Joseph, Deputy Managing Director, NaBFID, added, “Our mandate allows us to fund infrastructure projects with long gestation periods. The JNPA park stands out for being located in an SEZ and built to international specifications—making it a unique opportunity.”
The transaction was facilitated with support from a team of expert partners: CBRE provided technical due diligence, Saraf & Partners offered legal advisory, and BDO ensured financial compliance and verification.
This funding milestone further cements Welspun One’s position as a leading developer of institutional-grade warehousing and logistics parks, contributing meaningfully to India’s evolving infrastructure and economic ambitions.
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