TVS ILP Inks MoU with Goa-IPB

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Logistics-park

TVS Industrial and Logistical Parks (TVS ILP) and the Goa Investment Promotion & Facilitation Board (Goa-IPB) have entered into a MoU to collaboratively develop a cutting-edge Grade A logistics and warehousing park within the Verna Industrial Estate.

TVS Industrial and Logistical Parks (TVS ILP) is part of the TVS Group, specializing in industrial park development. With a commitment to providing world-class infrastructure and logistics solutions, TVS ILP creates sustainable and efficient spaces for businesses across diverse sectors, contributing to economic growth.

The Goa Investment Promotion & Facilitation Board (Goa-IPB) is a government entity in the Indian state of Goa. It focuses on promoting and facilitating investments, fostering economic development, and ensuring a conducive business environment.

This partnership entails a significant investment of Rs 125 crore. Encompassing an expanse ranging from 15 to 20 acres, the initiative envisions the provision of direct employment for a workforce of 250 individuals, while generating indirect opportunities for approximately 1000 people.

Ramnath Subramaniam, the Chief Executive Officer of TVS ILP, expressed the significance of their collaboration with Goa-IPB, labeling it a pivotal achievement for the company. Acknowledging the substantial investments by the central government in Goa’s infrastructure, Subramaniam highlighted the region’s increasing appeal as a business destination.

In his statement, Subramaniam emphasized that the Memorandum of Understanding (MoU) signifies a step for TVS ILP, projecting the logistics park as a crucial player in establishing Goa as a preferred hub for businesses seeking specialized warehousing solutions.

The CEO underscored the company’s commitment to aligning with the government’s vision, emphasizing the park’s role as a catalyst for economic growth. The overarching goal is to stimulate industrialization, thereby fostering the creation of employment opportunities for both skilled and semi-skilled individuals within the state.

TVS ILP, with its extensive presence across the country, boasting 18 parks spanning 10 states, has strategically outlined a comprehensive plan for the development of 20 million square feet of infrastructure.

This undertaking is slated to materialize through the establishment of 20 warehousing parks nationwide within the next three to four years, solidifying the company’s commitment to contributing to the economic landscape on a significant scale.

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