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Welspun One to invest Rs.600-Cr to set up warehousing facility in Thane

Zee Business  

Integrated fund and development management platform Welspun One will set up an in-city warehousing facility in Thane with an outlay of around INR 600 crore. This marks the first deployment of Welspun One Logistics Parks Fund 2, a category II AIF vehicle, which has secured commitments of INR 1,500 crore out of a target raise of INR 2,000 crore to date. The project will include dedicated docks, dust-free parking bays, and vertical transportation facilities. The facility is located in proximity to the eastern suburbs of Thane and Mulund and the eastern express highway. The purpose-built facility can accommodate tenants from diverse industries and use cases ranging from warehousing and logistics applications such as e-commerce, rapid delivery, grocery, pharmaceutical and cold storage to quasi-industrial applications like cloud kitchens, service centres and R&D/medical lab facilities.