TVS Industrial and Logistics with aggressive expansion plan

TVS Industrie- und Logistikpark (ILP) has drawn up plans to strengthen its presence in 30 more cities by 2027, a senior official said on Saturday.

The company is currently represented at 11 locations across the country.

TVS ILP would invest about 1,500 crore as part of its expansion effort, Chief Operating Officer R Manikandan told reporters.

As part of his expansion plans, he said five of the warehouses would be in Tamil Nadu, including one in Coimbatore.

The company worked on various projects in Vijayawada, Vishakapatnam, Guwahati, Siliguri, Ranchi and Raipur, among others.

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

With annual growth of 35 percent, the company is targeting $750 million in contracted sales, he said.

Tamil Nadu is the main market for the company, accounting for 50 percent, and the company is looking at the eastern parts of the country to set up storage facilities, he said.

Discussions are underway with various government sectors, including railways, to set up storage solutions, he added.

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