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Welspun One Logistics Parks to close several deals for new warehouses

Wednesday, 18 Nov 2020
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Welspun One Logistics Parks is in advanced stages of closing several deals to take up warehouses in Chennai, Bengaluru, Delhi and other locations in the country.

The logistics firm, which had outlined plans to invest Rs 900 crore in a warehouse facility at Bhiwandi in Mumbai, Maharashtra which will eventually have over 3.2 million sq ft of built-up warehouse space, expects to add a few more warehouses by the end of 2021.

The company expects the country’s warehouse space to gradually transition into a modern network where warehouses no longer are merely storehouse spaces but have become mini factories.

In South India, the company is focused now on growing the Bengaluru and Chennai markets, following this up with Hyderabad.

The company plans to take the total warehouse capacity to over 10 million sq ft within four to five years.


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