TVS ILP unveils expansion plan for Nationwide Warehousing Network
Of the total investment, an approximate sum of $150-175 million is planned to be secured through various equity instruments, according to Nitin Aggarwal, the President of TVS ILP. At present, the company's roster of clients includes TVS Family companies, Alstom, Amazon, Flipkart, Ather Energy, and Agnikul. TVS ILP functions as a joint venture between TVS Supply Chain Solutions, Ravi Swaminathan and Family.
Aligned with the expansion strategy, TVS ILP is poised to extend its presence from 11 cities spanning five states to encompass around 35 cities. Nitin Aggarwal remarked, "Our existing capacity stands at around 10 million square feet, and we are committed to expanding it to 20 million square feet within the next three years. This expansion will necessitate an investment of approximately $400 million." He also indicated that the company is actively considering a range of equity instruments, including private equity investments, to facilitate these growth plans.