TVS ILP Inks MoU with Goa-IPB, Plans ₹125 Crore Investment in Warehousing Park

TVS Industrial and Logistical Parks (TVS ILP) have officially entered into a Memorandum of Understanding (MoU) with the Goa Investment Promotion and Facilitation Board (Goa-IPB) to embark on the development of an advanced Grade A Logistics and Warehousing Park in the Verna Industrial Estate. The ambitious project, backed by a ₹125 crore investment, is set to cover an expansive area of 15-20 acres, aiming to elevate logistics and warehousing standards in the region.

The facility is anticipated not only to cater to the existing industries in Goa but also to attract potential investors in critical sectors. TVS ILP envisions the project to have a direct impact on employment, providing positions for 250 individuals and generating indirect employment opportunities for up to 1000 people.

Dr. Ramnath Subramaniam, CEO of TVS ILP, expressed optimism about the transformative impact of the MoU, stating, "This MoU will help put Goa on the map for many businesses that require specialized warehousing solutions. The logistics park aims to become a catalyst for economic growth, fostering industrialization, and generating employment opportunities for skilled and semi-skilled talent in the state."

TVS ILP, with a presence across 18 parks in 10 states, has set ambitious goals to develop 20 million square feet of infrastructure spread across 20 warehousing parks nationwide within the next three to four years.

HBL