Welspun One, India’s leading warehousing and industrial real estate platform, has signed a Letter of Intent with Balmer Lawrie & Co. Ltd. for ~65,000 sq. ft. of Grade A+ warehousing space on the first floor at WTC Nhava Sheva within the JNPA SEZ . The five-year sub-lease marks Balmer Lawrie as the first Government of India Central Public Sector Enterprise (PSE) to partner with Welspun One across its portfolio. The collaboration will also support the company’s expansion into SEZ warehousing and port-linked logistics operations, building on its existing strengths in CFS operations, freight forwarding and international trade facilitation.
The transaction marks another leasing announcement by Welspun One at WTC Nhava Sheva and its first partnership with a Government of India Central Public Sector Enterprise (PSE). Balmer Lawrie, a Miniratna-I PSE under the Ministry of Petroleum and Natural Gas, GOI will utilise the facility to strengthen its SEZ warehousing and port-linked logistics capabilitie s within the JNPA ecosystem. The overall development is expected to become operational by early 2027.
Balmer Lawrie already operates a Container Freight Station at JNPA. The WTC Nhava Sheva facility extends that footprint into SEZ warehousing and value-added logistics services, within a compliant, operator-neutral environment that offers occupiers GST exemption, customs duty deferment and faster clearance.
Of particular significance is the fact that the sub-lease is for first-floor warehousing space, a first of its kind in India. WTC Nhava Sheva is designed as India’s first multi-level warehousing development where every floor, from ground to second, is operationally equivalent for SEZ warehousing purposes, with wide unidirectional ramps allowing forty-feet container trailers to drive directly to upper-floor docking bays. A concept well established in Singapore, Japan and China, this is its first application in India.
Commenting on the partnership, Neeraj Balani, Chief Customer Officer, Welspun One, said , “Welcoming a Miniratna-I Public Sector Enterprise as a client is a moment we are particularly proud of. It validates the infrastructure vision we are bringing to life at WTC Nhava Sheva. WTC Nhava Sheva has been designed for partners who require high-quality infrastructure, regulatory efficiency and direct proximity to India’s most important port-led trade gateway, and we believe this will set the tone for many more institutional engagements.”
Rajesh Raghavan, Head, Logistics Infrastructure, Balmer Lawrie & Co. Ltd., said, “Balmer Lawrie has been steadily investing in its logistics infrastructure to meet the evolving needs of customers in international trade. Our proposed facility at WTC Nhava Sheva will allow us to build on our depth in CFS operations, freight forwarding and trade facilitation, while offering customers a dedicated footprint for SEZ warehousing and value-added logistics services within the JNPA ecosystem. We see this as an important step in expanding our port-linked capabilities.”
WTC Nhava Sheva is Welspun One’s flagship port-led logistics and industrial development being developed within the JNPA SEZ. Spread across 55 acres with a development potential of ~4.45 million sq. ft. and an investment outlay of ₹2,700 crore, the project is designed as an integrated ecosystem for warehousing, industrial and EXIM-linked operations. Located within 5 km of JNPA port terminals, the development will feature multi-level warehousing infrastructure with capacity for over 400,000 pallet positions and annual throughput capability of 50,000 TEUs.
