Welspun One, Haryana ink MoU to develop large-scale warehouses
Welspun One Logistics Parks (WOLP), a development and asset management platform, has signed a Memorandum of Understanding (MoU) with the Haryana Government to build large scale warehousing facilities across the state.The integrated fund, part of the $2.7 billion Welspun Group, would bring in an overall of
Rs 1,500 crore in Haryana.
The goal is to explore the available government land parcels to develop Grade A warehousing amenities across key warehousing micro-markets.The development potential of the projects via this deal is nearly five million sq ft to be produced over 3-4 years and would also help generate more employment over 4,500 jobs.
With the collective investment yielding social and economic advantages, the state government has assured WOLP of its entire support, facilitating overall ease of doing business. In addition, the state government would facilitate the smooth operation of approval procedures and single-window approvals for WOLP projects.
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