TVS ILP Signs MoU for Siliguri Logistics Park Expansion
WAREHOUSING & LOGISTICS

TVS ILP Signs MoU for Siliguri Logistics Park Expansion

TVS Industrial & Logistics Parks has signed a Memorandum of Understanding (MoU) for 10 acres of land in Siliguri, West Bengal, to develop a logistics park and strengthen its East India presence.

Strategically positioned as the gateway to Northeast India, Siliguri offers multimodal connectivity and access to key domestic and international trade corridors, including Nepal, Bhutan and Bangladesh. The proposed development is expected to support regional logistics efficiency, boost organised Grade A warehousing, and contribute to local employment generation.

Commenting on the development, Ramnath Subramaniam said, “West Bengal is an important market for industrial and logistics growth, supported by its strategic location and strong regional connectivity. Siliguri plays a critical role as a gateway to Northeast India and neighbouring international markets, making it a highly relevant logistics hub.”

The company noted that sectors such as e-commerce, FMCG, pharmaceuticals and regional distribution networks are driving demand for organised warehousing infrastructure in the region. The investment also marks TVS ILP’s second major investment in West Bengal and follows its earlier MoUs with the governments of Telangana and Karnataka as part of its broader national expansion strategy.


TVS Industrial & Logistics Parks has signed a Memorandum of Understanding (MoU) for 10 acres of land in Siliguri, West Bengal, to develop a logistics park and strengthen its East India presence.Strategically positioned as the gateway to Northeast India, Siliguri offers multimodal connectivity and access to key domestic and international trade corridors, including Nepal, Bhutan and Bangladesh. The proposed development is expected to support regional logistics efficiency, boost organised Grade A warehousing, and contribute to local employment generation.Commenting on the development, Ramnath Subramaniam said, “West Bengal is an important market for industrial and logistics growth, supported by its strategic location and strong regional connectivity. Siliguri plays a critical role as a gateway to Northeast India and neighbouring international markets, making it a highly relevant logistics hub.”The company noted that sectors such as e-commerce, FMCG, pharmaceuticals and regional distribution networks are driving demand for organised warehousing infrastructure in the region. The investment also marks TVS ILP’s second major investment in West Bengal and follows its earlier MoUs with the governments of Telangana and Karnataka as part of its broader national expansion strategy.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->