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)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..