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Warehousing and industrial real estate platform Welspun One has signed a Letter of Intent with state-owned Balmer Lawrie & Co to sublease nearly 65,000 sq ft of Grade A+ warehousing space at WTC Nhava Sheva in the JNPA special economic zone near Mumbai. The agreement marks the first partnership between Welspun One and a central public sector undertaking across its portfolio. The facility is expected to become operational by early 2027 and will support Balmer Lawrie’s expansion into SEZ warehousing and port-linked logistics operations while strengthening its existing logistics and freight handling network at JNPA.
Warehousing and industrial real estate platform Welspun One has entered into a Letter of Intent with state-owned Balmer Lawrie & Co for the sublease of warehousing space at WTC Nhava Sheva within the Jawaharlal Nehru Port Authority (JNPA) special economic zone near Mumbai. Advertisement
Under the agreement signed earlier this week, Welspun One will sublease around 65,000 sq ft of Grade A+ warehousing space to Balmer Lawrie for a period of five years. The company said this is the first time a central public sector undertaking has partnered with Welspun One across its logistics and industrial portfolio.
The proposed facility is expected to become operational by early 2027. Once operational, it will strengthen Balmer Lawrie’s expansion into SEZ warehousing and port-linked logistics services. The move is also expected to support the company’s existing operations in container freight stations, freight forwarding and international trade facilitation.
Balmer Lawrie already operates a container freight station at the Jawaharlal Nehru Port Authority in Navi Mumbai. The new WTC Nhava Sheva facility will extend its presence in the region by adding SEZ-based warehousing and value-added logistics capabilities. The location is expected to offer operational advantages such as customs duty deferment and faster cargo clearances for export-import linked businesses.
Neeraj Balani, Chief Customer Officer at Welspun One, said WTC Nhava Sheva was developed for companies seeking high-quality infrastructure, regulatory efficiency and direct access to one of India’s largest port-led trade gateways. He added that the partnership could pave the way for more institutional collaborations in the future.
WTC Nhava Sheva is Welspun One’s flagship port-led logistics and industrial project within the JNPA SEZ. Spread across nearly 55 acres, the development has a planned potential of around 4.45 million sq ft. The company has earmarked an investment of around INR 2,700 crore for the project.
The development is being positioned as an integrated ecosystem for warehousing, industrial activities and EXIM-linked operations. Demand for large organised warehousing facilities near key ports and industrial corridors has been rising steadily, driven by growth in manufacturing, e-commerce, third-party logistics and export-import trade. Developers have also been focusing on Grade A facilities with better compliance standards, automation support and faster connectivity to ports and highways.
Source PTI
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