TVS Industrial and Logistics Parks to Build Rs 200 Cr Facility in MP

23 Oct 2024 , 04:50 PM

On Wednesday, TVS Industrial & Logistics Parks (TVS ILP) declared its intention to invest Rs 200 crore in the establishment of a facility in Pithampur, Madhya Pradesh.

According to TVS ILP, the company has already obtained a 20-acre plot of land for the project from the Madhya Pradesh Industrial Development Corporation.

Only 25 kilometres from Indore city, the logistics park will meet the region’s increasing need for high-quality warehousing while establishing a robust market for regional goods.

Furthermore, it is anticipated that the project will provide jobs for more than 1,000 individuals in and around Indore.

According to the statement, TVS ILP’s arrival in Indore would deliver cutting-edge, technologically advanced warehouses that satisfy global requirements for sustainability and operational effectiveness.

According to the firm, TVS ILP is well-positioned to meet the growing need for Grade-A logistics facilities in the area, especially from major players in retail, e-commerce, and FMCG who are looking for effective and legal storage options.

According to TVS ILP, the breakthrough would give firms a competitive edge in their logistics operations by cutting transit times and increasing the overall effectiveness of goods delivery to end customers.

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