TVS ILP signs MoU with Goa-IPB for ₹125 crore to develop Grade A logistics park

TVS Industrial and Logistical Parks (TVS ILP) signed MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of a Grade A Logistics & Warehousing Park in the Verna Industrial Estate. The commitment involves an investment of ₹125 crore, marking TVS ILP’s proactive stance in fostering industrial growth in the state. “Spanning an area of 15-20 acres, the project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to job creation in the local community. TVS ILP’s mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors. The collaboration with the Government of Goa, as signified by the MoU signing, showcases TVS ILP’s dedication to enhancing the state’s industrial landscape,” reads the release. Dr. Ramnath Subramaniam, CEO of TVS ILP, said, “Our partnership with Goa-IPB is a significant milestone for TVS ILP. The Central Government has been making investments in Goa’s infrastructure, making it an attractive business destination. This MoU will help put Goa on the map for many businesses that require specialized warehousing solution. By aligning with the government’s vision, 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.”