TVS unit to invest $1 billion in logistics parks in next 3-4 years

TVS Industrial & Logistics Parks (TVS ILP), part of TVS Mobility Group, has plans to invest $1 billion in developing 20 million square feet of infrastructure in 20 different warehousing parks in the country in the next three to four years. TVS ILP already has 11 logistics parks in Tamil Nadu, Maharashtra, Odisha, Andhra Pradesh and Rajasthan with a cumulative space availability of 10 million sq. ft. The company currently has a 35 clients from across segments viz. FMCG, FMCD, 3PLS (third party logistics in supply chain management), CDE (Consumer Durables and Electronics), e-commerce, automotive and manufacturing.