Welspun One has announced an increase in its investment for a port warehousing project at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone in Navi Mumbai.

The project was originally planned as a 1.2 million sq ft facility with an investment of Rs 700 crore, but it has now been expanded to encompass 4.45 million sq ft. This includes 3.95 million sq ft of warehousing space, 0.25 million sq ft for offices, and another 0.25 million sq ft for industrial use.

The aim of this development is to meet the growing export-import demand at India's largest container port. The new facility will have an annual throughput capacity of 36,000 TEUs and can accommodate over 400,000 pallet positions, along with parking for more than 600 trucks.

Welspun One currently manages 11 projects across India, with three located in Maharashtra. The company is targeting to manage $1 billion in assets by the end of 2025, up from the current $854 million. Chairman Balkrishan Goenka highlighted a recent equity fundraise of Rs 2,275 crore, which reflects strong investor confidence in the company's strategy to develop demand-driven, logistics-focused projects.