Six projects to be built in five years
Welspun One Logistics Parks (WOLP) has proposed six projects that will bring direct investments of approximately Rs.2,500 crore to Tamil Nadu under an MoU signed with the state Government’s nodal agency Guidance.
The projects have been proposed in prime warehousing micro-markets like Hosur, Sriperumbudur and Thiruvallur. Approximately 8 million square ft are be built in five years.
“As per our blueprint, we are looking at developing approximately 400 acres of land in Tamil Nadu to build top-class warehousing facilities. With every project, we aim to create a social impact and these projects have the potential to create over 8,000 jobs,” Anshul Singhal, Managing Director, Welspun One Logistics Parks, said in a release on 24 Nov 2021.
Pooja Kulkarni, Managing Director & Chief Executive Officer of Guidance, added, “Over the past few years, India has made significant progress by building logistics infrastructure and undertaking various regulatory and structural reforms. Before the GST regime, most companies had multiple small warehouses across states for the sole purpose of minimizing taxes.
“The introduction of GST allowed firms to start focusing on building efficient supply chain networks by establishing optimal-sized warehouses in fewer locations. We are happy to associate with Welspun One Logistics Parks to help Tamil Nadu set new standards in creating logistics infrastructure.”
Global conglomerate Welspun Group is one of India’s fastest-growing multinationals with a leadership position in line pipes, home textiles, infrastructure, advanced textiles, and flooring solutions. As a part of the group, Welspun One Logistics Parks (WOLP) is an integrated fund, development, and asset management organization, designed to deliver large format, institutional Grade-A logistics parks across India.
The core of WOLP’s business offering is to solve the location needs of its customers and provide them with best-in-class real-estate solutions, to better manage their supply chain needs. WOLP’s senior leadership team comes with a cumulative experience of 225 years alongside a track record of delivering over 190 MM SF of construction projects.
WOLP aspires to become the most-preferred warehousing company in India; by sourcing and developing feasible land parcels which suit institutional investors and get leased by valued occupiers, whilst maintaining high levels of compliance, safety, and zero tolerance to regulatory lapses across the project lifecycle. #investment #projects #tenders /fiinews.com
