TVS ILP to expand its footprint in 30 cities by 2027

The TVS Industrial and Logistics Park (ILP) have shared plans of strengthening its footprint in 30 more cities by 2027, a top official said on Saturday.

At present, the company has a presence in 11 locations across the country.

Under the expansion drive, TVS ILP will be investing about Rs 1,500 crore, chief operating officer R Manikandan told reporters.

As part of the expansion plan, five of the warehouses would be in Tamil Nadu including one in Coimbatore, Manikandan said adding that the company was working on various projects in Vijayawada, Vishakapatnam, Guwahati, Siliguri, Ranchi, and Raipur among others.

The plan is to have a warehousing solution in every 400 km across the country, he said.

With a year-on-year growth of 35 percent, TVS ILP is aiming to reach a contracted revenue of USD 750 million.
The company is now eyeing eastern parts of the country to establish warehousing facilities, as Tamil Nadu is already a major market for the company with a 50 percent share.

Manikandan said talks are on with various government sectors including railways to set up warehousing solutions.

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