Welspun One, an integrated fund and development management platform, has decided to invest over Rs 7 billion to develop an industrial and logistics hub spread across 55 acres within the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. The project is being financed through a mix of debt and equity. Over the next 4-5 years, the company hopes to build a portfolio of 16-18 million square feet of first and last-mile facilities in tier 1 and 2 cities. The strategy comprises an overall investment outlay of over Rs 80 billion.
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