Urban Cruiser Hyryder: Advanced Features Redefine Mobility Experience
Bangalore, 08 April 2025: Toyota Kirloskar Motor (TKM) today announced that it has introduced feature upgrades in the Urban Cruiser Hyryder that redefine safety, comfort, and convenience. The latest enhancements underscores Toyota’s commitment to customer-centric innovation, seamlessly incorporating valuable feedback and evolving market trends to elevate the driving experience.
Widely celebrated and embraced as India’s first Self-charging Strong Hybrid Electric SUV, the Urban Cruiser Hyryder has already crossed the milestone of 1 lakh sales. It continues to win hearts with its innovative technology, exceptional fuel economy, dynamic performance, and premium driving experience.
The key change points of the Urban Cruiser Hyryder include:
Safety:
- Structural enhancements have been introduced across all variants for improved safety.
- 6 Airbags are now standard across all variants, ensuring enhanced passenger safety.
- The Electronic Parking Brake (EPB) has been added to automatic transmission across certain variants for added convenience and safety.
Performance:
- The new 6-speed Automatic Transmission (6AT) replaces the previous 5-speed manual gearbox in AWD variant.
Comfort and Convenience:
- The 8-way Adjustable Power Driver Seat is now available in higher variants for a personalized driving position.
- A Rear Door Sunshade has been introduced in higher variants for improved passenger comfort.
- The Tyre Pressure Monitoring System (TPMS) has been introduced in more variants for better real-time tyre pressure monitoring.
- Ambient lighting has been introduced in higher variants to enhance the premium cabin experience.
- Driver and Co-Driver Ventilated Seats have been added to higher variants for improved comfort.
- Type-C USB fast-charging ports (15W) have been introduced for improved device connectivity.
- LED Spot and Reading Lamps are now standard across all variants, enhancing cabin illumination.
- The Air Quality Index Display has been added to select variants, ensuring better air quality monitoring inside the cabin.
- An updated Speedometer with improved readability and clearer information display is now available across all variants.
- Dual-tone exterior colour options have been introduced in select variants to enhance styling choices.
Speaking on the introduction of the Urban Cruiser Hyryder, Mr. Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, said, “As the SUV segment evolves, we continue to refresh and elevate our lineup to stay ahead of the curve. The latest Urban Cruiser Hyryder is a testament to our commitment for best-in-segment technology, advanced safety, and superior comfort. Crafted for modern SUV buyers, it seamlessly blends Toyota’s legendary quality, sustainability, and driving pleasure.
With these latest upgrades, we are confident that the Hyryder will appeal to an even broader audience, further solidifying its position as one of India’s bestselling SUVs. More than just enhanced performance and efficiency, this refined SUV sets new benchmarks in hybrid technology, safety, and connected mobility, delivering a future-ready driving experience tailored to the dynamic needs of today’s customers.”
Launched in 2021, The Urban Cruiser Hyryder blends Toyota’s global SUV heritage with bold styling, advanced technology, and sustainability. Designed for efficiency and performance, it offers a highly efficient Self-Charging Strong Hybrid Electric powertrain, along with a 1.5L K-series engine with Neo Drive (ISG), 5-speed Manual, and 6-speed Automatic Transmission with 2WD & 4WD options.
Its sleek exterior features LED Project Headlamps, Twin LED DRLs, a Sporty Skid Plate, Crystal Acrylic Grille, and 17-inch Alloy Wheels, available in seven monotone and four dual-tone colours. Inside, the premium cabin includes a 9-inch infotainment system, wireless charging, ventilated leather seats, a 360-degree camera, ambient lighting, cruise control, head-up display, and Google & Siri voice assistants. Rear passengers benefit from reclining seats, rear AC vents, USB charging, and a 60:40 split seat.
Toyota enhances ownership with 66 exclusive accessories, a 3-year/100,000 km warranty (extendable to 5 years/220,000 km), and an 8-year/160,000 km hybrid battery warranty, ensuring a premium and hassle-free driving experience.
WeWork India Opens WeWork Lightbridge, Expanding in Mumbai
National, April 8, 2025: WeWork India Management Limited (“WeWork India”), one of India’s leading premium flexible workspace operators, today announced the opening of its latest workspace – WeWork Lightbridge. Located in Powai, one of Mumbai’s most sought-after commercial hubs, the newest addition hosts nearly 2000 desks, spanning across three floors.
As the city of Mumbai continues to grow as a major hub for multinational corporations and GCCs, there is a surge in demand for high-quality workspaces that are exceptional in design and services. While Bengaluru continues to lead in GCC setups with approximately 875+ GCCs in FY2024, it is closely followed by Mumbai with 365+ GCCs (Source: CBRE). WeWork Lightbridge reflects a design ethos inspired by Mumbai’s heritage. It features functional yet design-driven amenities, including conference rooms, wellness spaces, and an expansive lounge for managed operations on one floor, alongside co-working floors. The design movement is greatly inspired by machines and incorporates mechanical elements with sleek line work and bold accent colours. Additionally, there are light boxes with spatial illusion bringing in more light in spaces away from natural sunlight, along with hand painted tile installation inspired from Maharashtra’s hand painted tile craft paired with Lino paintings of seascapes.
Commenting on this expansion, Arnav S. Gusain, Chief of Supply, WeWork India, said, “The launch of WeWork Lightbridge marks a significant milestone for us. As the demand for flexible workspaces continues to rise, we remain committed to providing innovative, design-forward spaces that enable businesses and professionals to thrive. Lightbridge reflects our vision of combining functionality with cutting-edge design, ensuring businesses of all sizes have the resources they need to thrive in today’s dynamic work environment. It exemplifies modern design and sustainable practices, while showcasing the neoclassical movement in Mumbai. Furthermore, our collaboration with one of the leading developers – Hiranandani Group has allowed us to integrate the best of their expertise into the latest addition to our portfolio.”
WeWork Lightbridge is strategically located in the city’s prime business districts, known for its blend of business, residential, and lifestyle offerings. The close proximity to international airport, hotels like JW Marriott, ITC Maratha and Hilton, and hospitals like Hiranandani Hospital, Seven Hills makes it an ideal workspace for businesses of all sizes. Additionally, Lightbridge also offers easy access to metro and road connectivity Gurukripa Cityflo Bus Stop, Saki Naka Metro Station, and Chhatrapati Shivaji Airport – T2.
Harsh Hiranandani, Director, House of Hiranandani Group added, “We’re delighted to collaborate with WeWork India, and extend our partnership with Hiranandani Lightbridge in Powai, Mumbai. With the continued rise in demand, we are confident this project will facilitate flex working for businesses across industries in the city.”
The new centre will serve as a hub for collaboration, driving success for businesses across industries and providing adaptable solutions for teams of all sizes. WeWork India is currently operational across 8 cities, with over 1 lakh desks. With solutions for all kinds of businesses – solopreneurs to startups to Fortune 500 companies – WeWork India offers the perfect workspace solutions that deliver a premium experience.
Sumeet and MCGM Join Forces for Mega Clean-Up on Mumbai’s Key Highways
Mumbai, 08th April, 2025 – Sumeet Facilities Ltd, a leader in waste management solutions has successfully concluded a significant deep clean-up drive in collaboration with Municipal Corporation of Greater Mumbai (MCGM). The intensive week-long project, which covered both Eastern Express Highway (EEH) and Western Express Highway (WEH), significantly enhanced the cleanliness and safety of Mumbai’s major arterial roads by removing enormous amounts of debris, waste and abandoned cars.
The campaign executed from March 17 to 22, saw SFL deployed more than 150 workers alongside with advanced cleaning technology, including 8 electric sweeping machines imported from Europe, 9 litter picking machines, and hook loaders, to ensure an efficient cleaning. High-pressure jetting and misting equipment were used to minimize dust pollution, ensuring efficient road surface cleaning and large-scale debris management. Over 350 kilometres of highway were covered during the campaign, giving Mumbai commuters a more hygienic and obstruction-free journey.
In an impressive effort, the clean-up operation removed over 25 tonnes of debris and 5 tonnes of mixed garbage each day. Additionally, several abandoned and non-functional vehicles were cleared, improving traffic flow and safety for commuters. As part of an extended commitment, SFL will be responsible for maintaining the cleanliness of the highways for the next seven years.
The Deep Clean Drive was meticulously planned by the Solid Waste Management (SWM) and Planning Department of the Municipal Corporation of Greater Mumbai (MCGM), showcasing a commitment to improving urban sanitation standards in the city.
Amit Salunke, CEO & Director at Sumeet Facilities Ltd. said, “We are thankful to SWM and MCGM for collaborating with us for this deep Clean drive on Eastern and Western Express Highways. This large-scale project reflects our dedication to urban cleanliness and sustainability. The successful execution of the project highlights the strength of our cutting-edge technology and skilled manpower. With the hard work of over 150 dedicated workers, we ensured a visible and impactful transformation of Mumbai’s highways. We look forward to such collaborations in future that contribute to the city’s betterment.”
ICICI Bank Inaugurates a Branch in Motihari News
Motihari: ICICI Bank has set up a new branch at Chandmari road in Motihari. This branch, the Bank’s second in Motihari and seventh in East Champaran district, is equipped with an ATM.
The branch was inaugurated by Shri. Saurabh Suman Yadav (I.A.S), Municipal Commissioner, East Champaran.
The branch offers a comprehensive range of accounts and deposits including savings and current accounts, fixed and recurring deposits and loans like home loan, personal loan, business loan, auto loan, tractor loan, gold loan, agricultural loan and education loan along with remittance and card services. It operates from 9:30 A.M. to 3:00 P.M. on Monday to Friday and on the first, third and fifth Saturdays of the month.
The branch also offers Tab Banking facility that provides nearly 100 services at the customer’s place by an employee through a tablet device. The services include opening of accounts and Fixed Deposit (FD), raising cheque book request, generation of e statements and change of address, among others.
ICICI Bank has more than 150 branches and over 320 ATMs and cash recycling machines (CRMs) in Bihar.
ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centres, internet banking and mobile banking.
SIDBI MSME Survey Edition 2: Positive Trends in Sales, Jobs, and Green Investments
08th April, 2025 – The Small Industries Development Bank of India (SIDBI) has released the second edition of its MSME Outlook Survey (MOS) for the quarter January–March 2025. Designed to bridge the critical data gap in the sector, the survey offers valuable insights through two key indices—the MSME Business Conditions Index (M-BCI) and the MSME Business Expectations Index (M-BEI). These indices help policymakers and stakeholders track the evolving business environment and expectations of the MSME sector. This pan-India survey has been undertaken with a well-distributed sample size of about 1200 MSMEs across regions and industries.
The survey findings reflect a broadly optimistic sentiment among MSMEs, underpinned by improved business conditions and forward-looking growth plans. The Composite M-BCI for Q4 FY25 stands at 60.82, marking an improvement from the previous quarter’s 58.30. This increase indicates a sustained healthy business environment across the manufacturing, services, and trading sectors, with sector-specific M-BCIs also showing upward movement. Looking ahead, expectations remain positive with M-BEIs for the next four quarters holding firm above 54. While the overall optimism has slightly moderated compared to the previous round—attributed to ongoing global economic uncertainties and rising tariff barriers—the sector continues to exhibit confidence in future performance.
MSMEs remain buoyant on sales growth, driven by stronger order books, increased production, and higher selling prices. A significant majority anticipates maintaining or improving profitability in Q4 FY25, despite moderate increases in input and salary costs. The outlook for profitability over the next year also remains upbeat, with MSMEs banking on higher production volumes and improved price realizations to support stable or better margins.
Employment generation continues to be a priority, with nearly one-third of the surveyed enterprises in the manufacturing and services sectors reporting increased workforce during the current quarter. Around 40% of manufacturers and 37% of service providers are also optimistic about higher employment in the fourth quarter of FY-26 i.e. one year ahead. However, concerns around the availability of skilled labour persist, with about one-sixth of respondents across sectors flagging this as a challenge.
Capital expenditure intentions present another encouraging trend, with 37% of MSMEs reporting capacity expansion during the current period and a similar proportion planning additional investments in the coming year. This investment confidence is complemented by a growing commitment to sustainability, as around 40% of MSMEs in the manufacturing and services sectors confirmed initiatives such as solar panel installation, adoption of e-vehicles, and other environmentally friendly technologies. A comparable number are also planning to invest further in green and sustainable practices.
On the financing front, access to credit remains widespread, with 80% of respondents reporting availability. However, the adequacy of this credit continues to be a concern, with 40% of manufacturing and 41% of services enterprises stating that the finance available does not fully meet their needs. Optimism around improved credit access in the year ahead is evident, but nearly 20% of MSMEs continue to express concerns. Additionally, the cost of finance remains a pressing issue, with 40% of MSMEs across sectors reporting higher borrowing costs during the survey period and an even higher percentage expecting these elevated costs to persist.
Shri Manoj Mittal, Chairman and Managing Director, SIDBI, while releasing the report, stated, “SIDBI has always played a significant role in the robust growth of the Indian MSME sector through both financial and developmental initiatives. The Quarterly Outlook Survey is another initiative to ‘understand MSMEs’ in a better manner. During a time of increased global uncertainties fuelled by unprecedented tariff barriers, MSMEs have shown remarkable resilience and pro-growth sentiments. Their plans for CAPEX, employment and adoption of sustainable and green technologies augur well for our economy. I believe that with necessary support from all the stakeholders, Indian MSMEs will remain steady on their growth track amidst the cloudy external environment.”
The second round of SIDBI’s MSME Outlook Survey reaffirms the sector’s strong fundamentals, forward-looking approach, and unwavering commitment to growth—despite external headwinds. As MSMEs continue to play a central role in job creation, investment, and sustainability, their performance remains vital to India’s broader economic progress.
Organic India Celebrates World Health Day: Nourish Your Gut for Better Health
As summer sets in, prioritizing health becomes crucial, not just for hydration but also caring for the gut to avoid issues like bloating, acidity, and constipation. Since ancient times, a healthy gut and proper digestion have been recognized as the foundation of overall well-being. In summers, the rising temperatures can disrupt digestion, leading to discomfort, dip in energy levels, poor appetite, and an overall dip in well-being. This World Health Day, let’s reaffirm the importance of gut care to stay vibrant and healthy through the season.
Here are some Organic India products that support a healthy gut and digestion.
1. Psyllium Whole Husk Isabgol
Nurture your gut health the natural way with Organic India’s Psyllium Husk (Isabgol), a certified organic source of natural dietary fiber with prebiotic properties. Derived from the seeds of Plantago ovata, it contains both soluble and insoluble fiber, known for promoting healthy digestion, relieving constipation and bloating, and supporting overall digestive well-being.
With its bulk forming laxative action, it also aids in weight management, and cholesterol control. Made with the power of whole herbs, Organic India Isabgol is made without the use of chemicals and preservatives, making it a pure and effective solution for a happy gut.
Buy it here: Psyllium Whole Husk Isabgol
2.Triphala Capsule
Let nature show you the way to better digestive health with Organic India’s Triphala, a 100% whole herb formulation made from the potent blend of Amalaki, Bibhitaki, and Haritaki. This age-old Ayurvedic formula is a natural source of Vitamin C and antioxidants, helping with digestion, supporting gut health & detoxifying the body. Known for its gentle yet effective cleansing action, Triphala also relieves constipation. Made without the use of chemicals and preservatives, it’s a pure and natural way to rejuvenate your body from within.
Buy it here: Triphala Capsule
3.Bowelcare capsule
Support your gut health with nature’s purity with Organic India Bowelcare Capsules, a 100% whole herb formulation made with Bael, Isabgol, and Chandrashoor. This powerful Ayurvedic blend helps relieve chronic and occasional constipation and supports digestion. By gently cleansing and lubricating the bowel it helps alleviate symptoms of Irritable Bowel Syndrome (IBS). Made with certified organic herbs, without the use of chemicals and preservatives, Bowelcare offers a safe and natural way to restore digestive balance.
Buy it here: Bowelcare capsule
4.Tulsi green tea lemon ginger
Experience relaxation in a cup with Organic India’s Tulsi Lemon Ginger Green Tea, a certified organic blend infused with the power of whole herbs. Brimming with the warming notes of Ginger and Tulsi, and accentuated with refreshing lemon grass, this aromatic infusion supports digestion, help boosts metabolism, and strengthens immunity. With every sip, enjoy Tulsi’s soothing, stress-relieving, and Ginger’s digestion support benefits. Made with real lemongrass and ginger, and without the use of chemicals and preservatives, it’s the perfect way to refresh and care for your digestion naturally.
Buy it here: Tulsi green tea lemon ginger
5.Tulsi ginger infusion
Enjoy the benefits of Tulsi and Ginger in a stress relieving and digestion boosting cup of Organic India Tulsi Ginger infusion, a certified organic blend crafted with the power of whole herbs. Featuring Tulsi, the ‘Queen of Herbs’, and Ginger, this uplifting infusion supports digestion, boosts metabolism. Being caffeine-free, it is a great solution for those looking to avoid tea in their daily routine. Made without the use of chemicals and preservatives, this warming, aromatic tea is your perfect daily wellness ritual.
Buy it here: Tulsi ginger infusion
Cairn’s FY25 Initiative Impacts 2 Million+ with Improved Healthcare Services
New Delhi, 8 April 2025: Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, on the occasion of World Health Day, reaffirmed its commitment to fostering a sustainable and resilient healthcare ecosystem across its areas of operations. Cairn’s healthcare initiatives in FY 2024-25 have positively impacted over 2 million people across Rajasthan, Gujarat, Assam and Andhra Pradesh, underscoring the company’s focus on delivering accessible, equitable healthcare to the communities in remote areas, in line with the United Nation’s Sustainability Development Goals.
The company’s specially curated healthcare programs have been developed in collaboration with government bodies, including District Hospitals and Public Health Centres. It focuses on creating essential infrastructure across villages, enhancing medical facilities, and promoting awareness around various physical and mental health issues to educate and empower the rural population. The initiatives span across regular hygiene check-ups and women’s and children’s health programs to impactful campaigns addressing menstrual health, mental health, and overall physical well-being.
The company has impacted millions of lives through its initiatives, providing support and hope for a longer, healthier future. In Rajasthan and Gujarat, more than 80,000 community members across ~200 villages benefited from curative, preventive, and referral healthcare services provided by Cairn’s Mobile Health Vans (MHVs), last year. Equipped with GPS tracking and cameras for effective outreach and monitoring, these vans serve as critical conduits for healthcare access and monitoring.
In Barmer, where Cairn has its largest onshore production facility, the company is working on providing better healthcare infrastructure and services. It supports the Barmer District Hospital, which serves over 175,000 patients monthly, by providing essential medical and cleaning supplies. Through its flagship campaign, “Nirogi Rajasthan,” Cairn partnered with the District Administration to enhance the health of over 70,000 community members, promoting overall wellness and preventive healthcare measures. Its Harit Dhara initiative has educated over 5,000 women and girls about menstrual health and hygiene, fostering awareness of menstrual well-being. Furthermore, approximately 600 essential mobility aids, including tricycles, wheelchairs, calipers, crutches, artificial legs, and hearing aids were distributed to the individuals with disabilities at the district hospital.
With Cairn’s support in Ravva (Andhra Pradesh) and Gujarat’s Community Health Centers (CHCs) and Primary Health Centers (PHCs), improved the delivery of healthcare services at the community level. With over 50,000 OPD consultations, more than 35,000 local community members received quality healthcare in Ravva and Suvali PHCs, through enhanced services at the General Ward of CHC Kawas in Barmer District. The health camps conducted by the company have provided access to these services to hundreds of people including in Assam.
Cairn’s healthcare focus areas also align with this year’s World Health Day theme, “Healthy Beginnings, Hopeful Futures”. The company continues to drive meaningful changes by investing in community-driven health initiatives, empowering vulnerable groups, and enhancing government healthcare facilities. As it expands its social impact efforts, it remains dedicated to building a healthier, more resilient future for communities across India.
Lord’s Mark Industries Gains $1M US MedTech Contract, Goes Global
Mumbai, 7th April 2025: Lords Mark Industries Limited, a distinguished company known for its diverse portfolio, through its subsidiary Lord’s Mark Global LLC, has made a strategic entry into the United States market by securing its first major order valued at approximately $1 million. This milestone marks a significant step in the company’s global expansion, reinforcing India’s ‘Made in India’ initiative with cutting-edge MedTech innovations.
The order includes Contactless Remote Patient Monitoring (RPM) and AI-Based Early Warning Systems (EWS)—state-of-the-art healthcare solutions developed and manufactured in India by Lord’s Mark Industries. These advanced systems provide real-time patient monitoring, predictive analytics, and seamless Electronic Health Record (EHR) integration, offering a revolutionary approach to patient care.
Commenting on the development, Mr. Sachidanand Upadhyay, Managing Director, Lord’s Mark Industries Ltd., said, “This entry into the US market is a testament to our commitment to innovation and excellence. Our AI-powered and contactless monitoring solutions align with the future of global healthcare, and we are proud to represent Indian technological capabilities on the world stage.”
The company continues to expand its healthcare footprint with ISO 13485:2016, HIPAA, and IEC 60601-1/1-2 compliant products, ensuring global standards in safety and efficacy. This breakthrough in the US market signifies a new era of Indian MedTech exports, driving innovation and accessibility in healthcare worldwide.
Lord’s Mark Industries operates through key subsidiaries, including LordsMed, Lord’s Mark Insurance Broking Limited, Lord’s Mark Biotech, Lords Mark Microbiotech, and Lords Automative Private Limited, along with verticals in renewable energy products and paper. Committed to innovation and excellence, the company continues to expand while upholding the highest quality standards. Diversification remains the foundation of Lord’s Mark Industries’ sustained growth and success.
Kamats Legacy Joins TFS to Deliver Authentic Dining to Airport Travellers
Vikram Kamats Hospitality Limited has partnered with Travel Food Services (TFS) to bring the beloved Kamats–the experts in South Indian food–to experience travelers across India. Through this collaboration, Kamats will open its Premium fine dine restaurant by the name Kamats Legacy inside the renowned TFS food courts and restaurants at major airports, offering travelers an authentic taste of South Indian cuisine and other cherished delicacies while waiting for their flights.
This strategic alliance represents a major milestone for both brands, bringing together Kamats’ rich culinary legacy and TFS’s expertise in world-class airport hospitality. As the demand for high-quality dining experiences at airports continues to rise, this partnership ensures that travelers can experience the wholesome, flavorful snacks and meals that define Kamats. The collaboration will extend to key airports in cities such as Bangalore, Mumbai, Delhi, Hyderabad, and Chennai, enhancing the travel experience for passengers across the country. For the customers food will be served on banana leaves with truly authentic and traditional service of south India Cuisine.
Dr. Vikram Kamat, Managing Director, Vikram Kamat Hospitality Limited, expressed his excitement about the partnership, stating, “Airports are evolving to become destinations in themselves, where travellers seek comfort, convenience, and great food. We are very happy to partner with TFS to bring the Kamats’ experience to airport lounges across India. For decades, Kamats have been the go-to place for travellers on highways, and now, we are extending that comfort and familiarity with air travellers as well. South Indian food is very easy on the stomach when traveling and the preferred choice for all when travelling. Also, it can be enjoyed any time of the day making it ideal. This collaboration aligns perfectly with our vision to make quality food accessible to people wherever they travel, ensuring that they don’t have to compromise on taste or authenticity.”
With TFS operating some of the most prestigious lounges at airports, Kamats Legacy’s presence in these spaces will upscale the overall travel experience by providing fast, fresh, and flavorful food that resonates with both domestic and international travelers. The partnership is set to redefine airport dining by offering a seamless blend of tradition, taste, and convenience.
Welspun One Wins ₹2,300 Crore NaBFID Financing for JNPA Logistics Hub
Mumbai, April 7, 2025: Welspun One Logistics Parks (Welspun One) is pleased to announce the successful financial closure of its flagship logistics park project at Jawaharlal Nehru Port Authority (JNPA). The National Bank for Financing Infrastructure and Development (NaBFID) has underwritten Rs. ~2,300 crore in construction financing, underscoring the project’s viability and Welspun One’s credibility in the logistics sector.
The JNPA logistics park, spanning 55 acres, represents Welspun One’s largest logistics development in India. Strategically located within the JNPA Special Economic Zone (SEZ) in Navi Mumbai, this state-of-the-art, Grade A industrial and warehousing facility will cater to e-commerce, 3PL, FMCG, and manufacturing sectors. With a total development potential of over 3.6 million square feet, the park is designed to drive efficiency across supply chains and strengthen India’s logistics infrastructure.
Securing this funding ensures the timely execution of the JNPA project, reinforcing Welspun One’s commitment to large-scale infrastructure development. This collaboration with NaBFID aligns with our vision to bolster India’s logistics capabilities, catering to the burgeoning demand for Grade A warehousing solutions.
Anshul Singhal, Co-Founder and Managing Director, Welspun One, said, “The financial closure of our JNPA project marks a pivotal step in our journey to create world-class logistics and industrial infrastructure in India. This park will set new benchmarks in efficiency and scalability, supporting India’s growing demand for high-quality warehousing solutions. With NaBFID’s support, we are positioned to accelerate execution while continuing to drive long-term value for our stakeholders.”
Commenting on the partnership, Mr. Rajkiran Rai, Managing Director, NaBFID said, “We are delighted to partner with Welspun One’s Logistics Park in JNPA. State-of-the-art facilities such as this one are a part of the Government’s plan to reduce logistics cost to the global average of 8% of GDP, in order to promote competitiveness of Indian industry.”
Mr. Samuel Joseph, DMD, NaBFID, mentioned, “NaBFID is naturally suited to finance such projects with a long implementation period, requiring an extended repayment schedule. We have extended a 22-year Term Loan for this project. While we have financed other warehousing projects, this project is unique as it comes up in a SEZ area and is being built to international standards.”
The successful financial closure was facilitated by the invaluable contributions of our advisory and legal partners. CBRE conducted comprehensive technical due diligence, Saraf & Partners provided legal advisory services, and BDO ensured meticulous verification and compliance.
This milestone further strengthens Welspun One’s position as a leader in the development of institutional-grade warehousing and logistics parks, supporting India’s economic and industrial growth.