Mumbai-based TVS Industrial & Logistics Parks Pvt Ltd, a part of the TVS Mobility Group, plans to invest Rs 1,500 crores in the upcoming financial year to expand its presence in smaller cities like Siliguri, Guwahati, and Indore. The company aims to increase its current warehousing space from 10 million sq ft to 13 million sq ft by the end of the next fiscal year. With a strategy to establish a warehouse every 400 km in the eastern region, the company anticipates robust growth in emerging markets. In southern India, the company plans to invest over Rs 2900 crores to develop a 3-million-square-foot portfolio over the next two years. These strategic investments reflect the company's commitment to fortifying its presence in emerging markets and catering to evolving demands across different regions.
TVS Industrial & Logistics Parks Pvt Ltd, a Mumbai-based entity operating under the TVS Mobility Group, has unveiled plans to invest a staggering Rs 1,500 crores in the upcoming financial year. The primary objective of this will be to broaden its footprint in smaller and emerging cities such as Siliguri, Guwahati, and Indore. Presently, the company boasts an extensive warehousing space of 10 million sq ft, with plans to escalate it to 13 million sq ft by the end of the next fiscal year.
The company's current strategy involves establishing a warehouse every 400 km in the eastern region, demonstrating a successful presence spanning from Tamil Nadu to the North-East. The company, presently operational in 13 cities, plans to expand its reach by entering 5-6 new cities annually.
With a focus on emerging markets, TVS Industrial & Logistics Parks has already penetrated major eastern markets like Vijayawada, Visakhapatnam, and Cuttack. These smaller markets, though comparatively diminutive in size when contrasted with tier-1 or tier-2 markets, hold immense potential, projecting a cumulative size of 1 million sq ft. Drawing parallels with previous successes in markets like Hosur and Coimbatore, where the initial warehousing space substantially increased over time, the company anticipates similar robust growth in these emerging markets.
Additionally, TVS Industrial & Logistics Parks is actively exploring opportunities in Agartala, near the Bangladesh border, to cater to the growing demands of the region. The company is also set to establish its first facility in Central India at Indore, with the first phase scheduled for completion in August.
Meanwhile, in southern India, TVS Industrial and Logistic Parks plans to invest over 2900 crores to develop a 3-million-square-foot portfolio over the next two years. The southern region currently constitutes 60% of their comprehensive land bank portfolio, with a keen focus on leveraging the robust manufacturing base. The company envisions revenues of $100 million annually over the next five years, with recent land acquisitions in Andhra Pradesh, Tamil Nadu, and Madhya Pradesh.
In conclusion, these strategic investments signify TVS Industrial & Logistics Parks' commitment to fortifying its presence in emerging markets, catering to the evolving demands of various sectors across different regions. The company's proactive approach and substantial investments underscore its confidence in the growth potential of India's logistics and industrial landscape.
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