TVS InvIT Opens 17-Acre Industrial Park in Visakhapatnam

18 Nov 2025 CW Team

Strategically positioned along the Anakapalle–Anandapuram Expressway (NH-16), the built-to-suit industrial park offers direct access to Visakhapatnam Port, enabling efficient multimodal connectivity. It has been designed to meet growing demand for Grade A logistics and industrial infrastructure in the region. The Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) allocated land for the project and fast-tracked necessary approvals. The park is managed by TVS Industrial and Logistics Parks (TVS ILP), one of India’s leading developers of Grade A warehousing.

During the inauguration, the Chief Minister reiterated the state’s ‘One Family, One Entrepreneur’ vision aimed at fostering widespread entrepreneurship across Andhra Pradesh.

Dr Ramnath Subramaniam, Joint Managing Director, TVS ILP, said, “Andhra Pradesh’s strategic location and growing industrial ecosystem make it one of the most attractive destinations for infrastructure-led investments in India. Visakhapatnam, with its multi-modal connectivity, port infrastructure, and proximity to major manufacturing clusters, plays a pivotal role in driving this growth. The facility at Vizag is designed to meet the evolving needs of modern occupiers—offering scalable, sustainable, and compliant infrastructure that supports sectors such as automotive, FMCG, manufacturing and e commerce. It is well-positioned to attract both domestic and global companies seeking high quality space in the region.”

The inauguration ceremony was graced by several dignitaries, including Dr Dola Sree Bala Veeranjaneya Swamy Garu, Minister for Social Welfare, Disabled and Senior Citizen Welfare, Government of Andhra Pradesh; T.G. Bharath Garu, Minister for Industries & Commerce and Food Processing, Government of Andhra Pradesh; Kondapalli Srinivas Garu, Minister for MSME and SERP NRI Empowerment & Relations; Mathukumilli Sribharat Garu, Member of Parliament (Lok Sabha), Visakhapatnam; and Manthena Rama Raju Garu, Chairman, APIIC. The event was presided over by P. Ramesh Babu Garu, Member of the Legislative Assembly, Pendurthi.

TVS Infrastructure Trust has inaugurated the expanded phase of its Tarkeshwar Industrial & Logistics Park in Visakhapatnam. The 17-acre facility at Gurrampalem, developed with an investment of around Rs 250 crore, was virtually inaugurated by Andhra Pradesh Chief Minister N. Chandrababu Naidu on 11 November 2025. The project is expected to create more than 1,000 jobs.Strategically positioned along the Anakapalle–Anandapuram Expressway (NH-16), the built-to-suit industrial park offers direct access to Visakhapatnam Port, enabling efficient multimodal connectivity. It has been designed to meet growing demand for Grade A logistics and industrial infrastructure in the region. The Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) allocated land for the project and fast-tracked necessary approvals. The park is managed by TVS Industrial and Logistics Parks (TVS ILP), one of India’s leading developers of Grade A warehousing.During the inauguration, the Chief Minister reiterated the state’s ‘One Family, One Entrepreneur’ vision aimed at fostering widespread entrepreneurship across Andhra Pradesh.Dr Ramnath Subramaniam, Joint Managing Director, TVS ILP, said, “Andhra Pradesh’s strategic location and growing industrial ecosystem make it one of the most attractive destinations for infrastructure-led investments in India. Visakhapatnam, with its multi-modal connectivity, port infrastructure, and proximity to major manufacturing clusters, plays a pivotal role in driving this growth. The facility at Vizag is designed to meet the evolving needs of modern occupiers—offering scalable, sustainable, and compliant infrastructure that supports sectors such as automotive, FMCG, manufacturing and e commerce. It is well-positioned to attract both domestic and global companies seeking high quality space in the region.” The inauguration ceremony was graced by several dignitaries, including Dr Dola Sree Bala Veeranjaneya Swamy Garu, Minister for Social Welfare, Disabled and Senior Citizen Welfare, Government of Andhra Pradesh; T.G. Bharath Garu, Minister for Industries & Commerce and Food Processing, Government of Andhra Pradesh; Kondapalli Srinivas Garu, Minister for MSME and SERP NRI Empowerment & Relations; Mathukumilli Sribharat Garu, Member of Parliament (Lok Sabha), Visakhapatnam; and Manthena Rama Raju Garu, Chairman, APIIC. The event was presided over by P. Ramesh Babu Garu, Member of the Legislative Assembly, Pendurthi.

Infrastructure Urban

30 May 2026

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..

Infrastructure Transport

30 May 2026

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..

Infrastructure Urban

30 May 2026

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..