India’s infrastructure development ambitions received a significant fillip this week as the National Bank for Financing Infrastructure and Development (NaBFID) sanctioned a long-term loan of Rs 2,300 crore to Welspun One for its mega warehousing project coming up in the Jawaharlal Nehru Port Authority (JNPA) region in Navi Mumbai.
The logistics park, being developed on a 55-acre land parcel within the special economic zone adjacent to the country’s busiest container port, is set to become India’s largest single-location Grade-A warehousing facility. The Rs 2,700-crore project, which has now achieved full financial closure, is envisioned as a state-of-the-art logistics and industrial infrastructure zone. According to Welspun One, the development potential spans over 3.6 million square feet, catering to the needs of third-party logistics providers, e-commerce giants, consumer goods companies, and manufacturers. By strategically locating the facility within a SEZ, the developers aim to optimise connectivity, customs processes, and operational scalability, creating a model aligned with global best practices.
NaBFID’s strategic move to fund the warehousing sector underscores its growing focus on long-gestation infrastructure sectors that require flexible financial structures. The 22-year term loan extended to Welspun One not only reflects the institution’s confidence in India’s evolving logistics ecosystem but also its commitment to long-term economic growth. A senior official from NaBFID noted that this warehousing project is particularly significant due to its scale and alignment with international design and sustainability benchmarks. It is one of the few projects in this segment situated in a SEZ, which further enhances its potential to serve global and domestic trade.
The timing of this investment is noteworthy as India aims to modernise its fragmented and under-served warehousing industry. As demand for seamless logistics infrastructure grows in line with rising e-commerce penetration and just-in-time manufacturing, high-quality storage hubs are critical. Projects like the one at JNPA are being viewed as catalysts for regional development, job creation, and efficient supply chain integration, especially when backed by long-tenure financing institutions that are relatively insulated from short-term market volatilities.
Welspun One’s leadership has reiterated its commitment to building green, scalable, and efficient infrastructure solutions for the new economy. The company has previously deployed capital through its category-II alternative investment funds and is currently working on expanding its assets under management to $1 billion. Its current warehousing portfolio is spread across nearly 22 million square feet, cementing its position as a key player in India’s logistics transformation.
Advisory support for this landmark transaction was provided by CBRE, Saraf and Partners, and consulting firm BDO. The deal is emblematic of the evolving private-public synergy in India’s infrastructure playbook, where strategic financing institutions such as NaBFID are proactively enabling large-scale projects that have potential to transform urban-industrial landscapes. As Navi Mumbai gears up for accelerated economic activity with projects like these, the push towards sustainable, carbon-efficient warehousing infrastructure is also expected to gain momentum—aligning well with India’s green transition and urban resilience goals.
Navi Mumbai warehousing project gets major infrastructure boost
