Welspun One has been allotted a 46-acre land parcel in Talegaon on the outskirts of Pune in an industrial park operated by the Maharashtra Industrial Development Corporation (MIDC), the warehousing and asset management firm said on December 10.

Welspun One plans to spend around Rs 550 crore to develop the land into a 1.2 million square feet-sized Grade-A logistics park.

The land, located in the heavily-industrial Talegaon-Chakan belt, will enable the use of the logistics space as a first-mile facility industries such as automobiles, engineering, auto ancillary and other manufacturing facilities as well as consumer goods, e-commerce, and third-party logistics players.

"This acquisition is a decisive move in our long-term vision to build future-ready, institutional-grade infrastructure ac

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