Welspun One Logistics Parks (WOLP) and GRT Group Signs Joint Venture Deal for Warehouse Park in TamilNadu

Welspun One Logistics Parks (WOLP) and GRT Group Signs Joint Venture Deal for Warehouse Park in TamilNadu

GRT Group and Welspun One Logistics Parks (WOLP) have signed a Joint Venture Deal to develop two state-of-the-art warehousing facilities in Tamil Nadu.

Project Highlights:

• Number of Projects: 2
• Location: Strategically located on NH16, part of the East Coast Economic Corridor (ECEC)
• Land Area per Project: Approximately 60 acres
• Development Potential per Project: Approximately 1.3 million sq. ft.
• Investment: Rs 700 crore
• Job Creation: 3,000 jobs during development

Project Development:

• Project 1: 50:50 joint venture between GRT Group and WOLP
  • Marks the final investment for WOLP Fund 1 (Rs 500 crore)
• Project 2: Developed by WOLP for GRT Group under a development management agreement

Project Significance:

• This partnership marks WOLP’s entry into South India.
• The projects will offer Grade-A warehousing space with best-in-class amenities and technology for efficient supply chain operations.
• The operational facilities are expected to drive economic development in surrounding communities.

Quotes:

• GRT Group Promoters: Excited to participate in the warehousing segment with WOLP’s expertise, aiming to set new standards in the region.
• Anshul Singhal, Managing Director, WOLP: Honored to partner with GRT Group for their credibility and customer-centric approach. This alliance strengthens our commitment to integrity and transparency.

 

Overall, this collaboration brings together GRT Group’s local presence and WOLP’s warehousing expertise to deliver high-quality logistics facilities in Tamil Nadu.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in