Welspun One Leases 2.10 Lakh Sq Ft Space to Indev Infra in JNPA SEZ
Welspun One, a leading warehousing and industrial real estate platform, has announced the leasing of 2.10 lakh sq ft of space at the JNPA special economic zone to Indev Infra for warehousing and allied logistics operations.
Key Highlights:
- 2.10 lakh sq ft of space leased by Indev Infra at JNPA SEZ
- Facility to be used as a strategic hub for Free Trade Warehousing Zone (FTWZ) capabilities
- Grade A+ facility offering end-to-end integrated logistics and warehousing solutions
- Value-added services including cold chain/temperature-controlled storage and EXIM cargo handling
As part of the deal, Indev Infra will leverage the facility to scale its FTWZ capabilities, according to Welspun One. The company has expertise in developing and operating FTWZ units.
Project Details:
- Project outlay: Rs 2,700 crore
- Development of an integrated ecosystem for warehousing, manufacturing, and commercial operations
- Supported by NaBFID-backed financing
- Designed to enable large-scale, trade-led activity
"WTC Nhava Sheva offers a strong platform for our next phase of growth in SEZ and FTWZ-led logistics. This partnership strengthens our ability to manage trade flows more effectively and deliver integrated, value-added logistics solutions to our customers," said S Xavier Britto, Chairman, Indev Infra Pvt Ltd.
Project Benefits:
- High-quality operating base with SEZ advantages such as duty efficiencies, faster clearances, and operational flexibility
- Enabling Indev Infra to scale efficiently
JNPA handles approximately one-third of India's container traffic and is scaling toward a capacity of 10 million TEUs (twenty-foot equivalent units).
Project Location:
Spread across 55 acres with a development potential of 4.45 million sq ft, the project is designed as an integrated, port-linked ecosystem.