TVS ILP to Set Up Warehousing Park in Goa
By Rediff Money Desk, CHENNAI Jan 30, 2024 15:40
TVS Industrial and Logistical Parks has signed an MoU with Goa-IPB to develop a logistics and warehousing park in Goa, investing Rs 125 crore. The facility will generate employment opportunities in the region.
![TVS ILP to Set Up Warehousing Park in Goa](https://im.rediff.com/money/2021/jan/12warehousing.jpg)
Chennai, Jan 30 (PTI) TVS Industrial and Logistical parks has signed a memorandum of understanding with the Goa
Investment Promotion and Facilitation Board for the development of a logistics and warehousing park in Goa.
The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP fostering industrial growth in Goa, a company statement issued here on Tuesday said.
The state-of-the-art facility, to come up at the Verna Industrial Estate in Goa, would be spread across 15-20 acres and generate direct employment of 250 and indirectly 1,000 in the region, the statement said.
TVS ILP CEO Ramnath Subramaniam exchanged documents with Goa-Investment Promotion and Facilitation Board CEO Swetika Sachan at the Invest Goa 2024 Summit recently.
"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 solutions," Subramaniam said.
"...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," he said.
TVS ILP's mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors, the statement said. The collaboration with the government of Goa showcased TVS ILP's dedication to enhancing the state's industrial landscape, it added.
TVS Industrial and Logistics Park has an extensive footprint with over 18 parks across 10 states, the statement added.
Investment Promotion and Facilitation Board for the development of a logistics and warehousing park in Goa.
The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP fostering industrial growth in Goa, a company statement issued here on Tuesday said.
The state-of-the-art facility, to come up at the Verna Industrial Estate in Goa, would be spread across 15-20 acres and generate direct employment of 250 and indirectly 1,000 in the region, the statement said.
TVS ILP CEO Ramnath Subramaniam exchanged documents with Goa-Investment Promotion and Facilitation Board CEO Swetika Sachan at the Invest Goa 2024 Summit recently.
"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 solutions," Subramaniam said.
"...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," he said.
TVS ILP's mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors, the statement said. The collaboration with the government of Goa showcased TVS ILP's dedication to enhancing the state's industrial landscape, it added.
TVS Industrial and Logistics Park has an extensive footprint with over 18 parks across 10 states, the statement added.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...