TVS ILP to invest Rs 2 billion for Indore logistics park development

08 Nov 2024 CW Team

TVS Industrial & Logistics Parks (TVS ILP) is set to enter the Indore market with a Rs 2 billion investment to develop a Grade-A logistics park. The company recently acquired 20 acres in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC), aiming to meet the region’s growing demand for premium warehousing solutions. This initiative is projected to create over 1,000 jobs, boosting local economic growth and enhancing the market for regional products.

Strategically located 25 kilometers from Indore along National Highway 47, the new logistics park will benefit from the city’s central position in India, enabling streamlined nationwide distribution. Known as a SMART city and industrial hub, Indore attracts businesses focused on optimizing supply chains, especially in key sectors like automotive, heavy engineering, textiles, and manufacturing.

The facility will feature state-of-the-art, tech-driven warehouses designed to international standards, catering to industries such as e-commerce, retail, and FMCG. This infrastructure will enhance operational efficiency and sustainability for businesses operating in the area.

Dr Ramnath Subramaniam, CEO, TVS ILP, noted, “Madhya Pradesh has the potential to become a logistics hub due to its central location and connectivity. Our expansion into Indore aligns with TVS ILP’s goal to lead in tech-enabled infrastructure solutions. This new facility will provide global and domestic customers with a strategically positioned base to strengthen their market presence.”

(ET)

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