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TVS Industrial and Logistical Parks (TVS ILP) have joined hands with the Goa Investment Promotion & Facilitation Board (Goa-IPB) to create a top-notch Grade A Logistics & Warehousing Park in the Verna Industrial Estate. This collaboration was sealed through a Memorandum of Understanding (MoU) at the Invest Goa 2024 Summit and involves an investment of INR 125 crores. The MoU was inked by Dr. Ramnath Subramaniam, CEO of TVS ILP, and Swetika Sachan IAS, CEO of Goa-IPB. This reflects TVS ILP's commitment to spurring industrial growth in Goa and the signing ceremony was a highlight of the Invest Goa 2024 Summit at Taj Cidade de Goa.
Spanning a vast area of 15-20 acres, the cutting-edge facility aims to set new standards in logistics and warehousing in the region. Beyond infrastructure development, the project is geared towards making a substantial economic impact, projecting direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to local job creation.
TVS ILP's mission is to cater to existing industries in Goa and attract potential investors in crucial sectors. Dr. Ramnath Subramaniam, CEO of TVS ILP, emphasized the significance of the partnership, stating that it marks a milestone for TVS ILP. He highlighted the Central Government's investments in Goa's infrastructure, making it an appealing business destination. The MoU aims to position Goa as an attractive hub for businesses in need of specialized warehousing solutions, aligning with the government's vision for economic growth and job creation.
TVS ILP, a leader in the logistics parks sector, boasts an extensive presence with over 18 parks across 10 states. As the oldest and most dedicated corporate developer in this sector, TVS ILP envisions a transformative journey, planning to develop 20 million square feet of cutting-edge infrastructure spread across 20 warehousing parks nationwide in the next three to four years. This ambitious plan solidifies TVS ILP's commitment to driving industrialization and creating employment opportunities across the country.
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