Welspun One To Invest Rs 800 Crore In Urban Distribution Centre In Thane
Businesses at WTC Thane will be able to cater to 50% of Thane's households in under 30 minutes.
Welspun One announced on Monday that it will invest Rs 800 crore to develop an urban distribution centre in Thane. Spanning 1 million square feet, the project will be India’s first and tallest Grade-A platinum-rated UDC, catering to the rising demand for just-in-time delivery and micro-fulfilment centres in the Mumbai Metropolitan Region.
The company has also signed an initial agreement with the World Trade Centers Association for the UDC’s development. This mixed-use facility will combine the UDC with retail, office, food and beverages, and experience centres, all under one roof.
Thane has emerged as a focal point for the development within the MMR, thanks to its proximity to the Eastern and Western Express Highways, it said, adding the upcoming infrastructure projects like the Thane-Borivali and Goregaon-Mulund tunnels are set to enhance the connectivity across the city further, significantly boosting the strategic appeal.
"Consumer behaviour is evolving rapidly, with quick commerce expanding beyond groceries to include electronics, apparel, and more, demanding modern warehousing solutions. Building India's tallest Urban Distribution Centre has been a key milestone for us," said Anshul Singhal, Managing Director at Welspun One.
Businesses at WTC Thane will be able to cater to 50% of Thane's households in under 30 minutes and service up to 10 million sq ft of commercial spaces, making it a key supply chain, retail distribution, and business park hub, Welspun One said.
"As the WTCA is focusing on expanding its presence in the Indian market, leveraging the country's incredible growth and economic opportunities, we welcome Welspun One to our global organisation," said Robin van Puyenbroeck, Executive Director-Business Development at WTCA.
(With PTI inputs.)
