Welspun One has recently acquired a 22-acre parcel of land along the Bilaspur-Tauru Road in the Gurugram-NH8 corridor, marking a strategic move to establish a new logistics park. The company is set to invest a substantial Rs 125 crore in this development, which is anticipated to create job opportunities for approximately 1,200 to 1,500 individuals.
This initiative is in line with Welspun One’s overarching goal of developing advanced logistics and warehousing facilities tailored to meet the diverse and evolving requirements of businesses across multiple industries.
In a statement, the company highlighted that the Bilaspur-Tauru Road project represents a significant milestone in its expansion efforts within one of India’s most critical logistics corridors. Anshul Singhal, Managing Director of Welspun One, expressed the company’s aspirations for this project, emphasizing the importance of leveraging the prime location to create a state-of-the-art logistics hub.
“This acquisition is a pivotal step towards broadening our presence in this vital logistics corridor. Our goal is to develop a cutting-edge logistics facility that not only enhances the operational efficiencies of our tenants but also plays a role in driving India’s economic growth,” said Singhal.
This deal, which was facilitated by property consultant JLL India, underscores Welspun One’s commitment to becoming a leading player in India’s logistics and warehousing sector. As an integrated fund and development management platform, Welspun One is dedicated to delivering large-scale, institutional Grade-A logistics and industrial parks across the country.
Welspun One serves as the dedicated warehousing division of Welspun World, a highly diversified conglomerate valued at USD 5 billion. Welspun World is engaged in a broad array of industries, including the production of pipes, home textiles, infrastructure development, advanced textiles, and innovative flooring solutions, reflecting its expansive and multifaceted business portfolio.
