Welspun One announced that it will develop an industrial and logistics hub at the Jawaharlal Nehru Port's Special Economic Zone with an investment of around Rs 700 crore.

This investment is the second deployment from Welspun Ones' latest Fund 2, which is a Rs 2,000-crore Alternative Investment Fund, the company said in a statement.

According to the statement, this strategic collaboration is the beginning of a partnership between JNPA (developer) and Welspun One (as co-developer), leveraging synergies to build future-ready industrial and warehousing infrastructure.

"We have partnered with Jawaharlal Nehru Port Authority (JNPA) as co-developers in the SEZ. This partnership propels us into the future, bolstering our presence in key trade hubs and delivering comprehensive supply chain solutions," said Anshul Singhal, Managing Director, Welspun One.

This announcement follows Welspun One's recent strategic land acquisition in Thane in the Mumbai Metropolitan Region for a logistics-anchored mixed-use project, which is currently underway to create 1 million sq ft of advanced 'last mile' warehousing facilities.