+
TVS ILP signs MoU with Goa-IPB
WAREHOUSING & LOGISTICS

TVS ILP signs MoU with Goa-IPB

TVS Industrial and Logistical Parks (TVS ILP) signed an MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of an avant-garde Grade A Logistics & Warehousing Park in the Verna Industrial Estate. The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP's proactive stance in fostering industrial growth in the state.

The signing ceremony took place at the prestigious Invest Goa 2024 Summit held at Taj Cicade de Goa, Dona Paula. The MoU was signed between Dr. Ramnath Subramaniam, CEO of TVS ILP, and Swetika Sachan IAS, CEO of Goa-IPB.

Spanning an extensive area of 15-20 acres, this state-of-the-art facility is poised to redefine logistics and warehousing standards in the region. The venture is not only about infrastructural development but also about generating substantial economic impact in the area. The project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to job creation in the local community.

TVS ILP's mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors. The collaboration with the Government of Goa, as signified by the MoU signing, showcases TVS ILP's dedication to enhancing the state's industrial landscape.

TVS Industrial and Logistical Parks (TVS ILP) signed an MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of an avant-garde Grade A Logistics & Warehousing Park in the Verna Industrial Estate. The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP's proactive stance in fostering industrial growth in the state. The signing ceremony took place at the prestigious Invest Goa 2024 Summit held at Taj Cicade de Goa, Dona Paula. The MoU was signed between Dr. Ramnath Subramaniam, CEO of TVS ILP, and Swetika Sachan IAS, CEO of Goa-IPB. Spanning an extensive area of 15-20 acres, this state-of-the-art facility is poised to redefine logistics and warehousing standards in the region. The venture is not only about infrastructural development but also about generating substantial economic impact in the area. The project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to job creation in the local community. TVS ILP's mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors. The collaboration with the Government of Goa, as signified by the MoU signing, showcases TVS ILP's dedication to enhancing the state's industrial landscape.

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?