TVS ILP invests ₹125 crore into upcoming Cuttack warehousing facility thus it expands in eastern markets

TVS ILP will invest around ₹125 crore in the project; it anticipates its completion by the end of December 2024 thus the company expands in eastern markets. “Now we are focusing on Siliguri in Sikkim and Guwahati in Assam. We are strong in South India and from the southern region we want to move to the eastern region of India and that’s where our primary focus is now,” said Manikandan Ramachandran, chief operating officer, TVS ILP, in a recent interview.

The upcoming facility, with its presence at a strategic location at the confluence of the Mumbai and Chennai-Kolkata highways (off NH 55), enjoys excellent connectivity to the Paradip port and the major parts of the country.

The Cuttack logistics park is expected to generate over 110 direct jobs and between 500 to 1,000 indirect employment opportunities in the region.

Plans are underway to certify the park with the Edge Advanced Green Building certification issued by the International Finance Corporation.

Ramachandran, said, “The Choudwar Industrial Estate has immense growth potential, and our new facility aims to enable businesses to efficiently cater to the rapidly growing demand from the eastern part of the country…This facility is a step further in our commitment to build industrial parks every 400 km in India. As the first player to explore the market, we desire to remain steadfast in our aggressive expansion plans into the Eastern markets.”

“In addition to the Cuttack project, TVS ILP remains committed to exploring similar opportunities in other Tier-2 towns in Odisha, building on its successful track record as the first national logistics park player to enter the state,” it reads.