TVS ILP signs MoU with Goa-IPB
WAREHOUSING & LOGISTICS

TVS ILP signs MoU with Goa-IPB

TVS Industrial and Logistical Parks (TVS ILP) signed an MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of an avant-garde Grade A Logistics & Warehousing Park in the Verna Industrial Estate. The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP's proactive stance in fostering industrial growth in the state.

The signing ceremony took place at the prestigious Invest Goa 2024 Summit held at Taj Cicade de Goa, Dona Paula. The MoU was signed between Dr. Ramnath Subramaniam, CEO of TVS ILP, and Swetika Sachan IAS, CEO of Goa-IPB.

Spanning an extensive area of 15-20 acres, this state-of-the-art facility is poised to redefine logistics and warehousing standards in the region. The venture is not only about infrastructural development but also about generating substantial economic impact in the area. The project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to job creation in the local community.

TVS ILP's mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors. The collaboration with the Government of Goa, as signified by the MoU signing, showcases TVS ILP's dedication to enhancing the state's industrial landscape.

TVS Industrial and Logistical Parks (TVS ILP) signed an MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of an avant-garde Grade A Logistics & Warehousing Park in the Verna Industrial Estate. The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP's proactive stance in fostering industrial growth in the state. The signing ceremony took place at the prestigious Invest Goa 2024 Summit held at Taj Cicade de Goa, Dona Paula. The MoU was signed between Dr. Ramnath Subramaniam, CEO of TVS ILP, and Swetika Sachan IAS, CEO of Goa-IPB. Spanning an extensive area of 15-20 acres, this state-of-the-art facility is poised to redefine logistics and warehousing standards in the region. The venture is not only about infrastructural development but also about generating substantial economic impact in the area. The project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to job creation in the local community. TVS ILP's mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors. The collaboration with the Government of Goa, as signified by the MoU signing, showcases TVS ILP's dedication to enhancing the state's industrial landscape.

Next Story
Real Estate

Emaar to invest Rs 1,000 crore in Gurugram housing project

Emaar India, a prominent real estate developer, has announced a major new project in Gurugram, one of the most sought-after residential locations in the National Capital Region (NCR). The company is investing approximately Rs 1,000 crore in the development of a luxury housing project named ‘Amaris.’ The project, situated on Golf Course Extension Road in Gurugram’s Sector 62, will span over 6.2 acres and is expected to feature 522 high-end apartments, with a total development potential of 15 lakh square feet. This project, launched in response to the growing demand for premium residentia..

Next Story
Infrastructure Urban

Punjab-Haryana HC slams ED over IREO money laundering investigation

The Punjab and Haryana High Court criticised the Enforcement Directorate (ED) for conducting a ‘slipshod and unprofessional’ investigation into money laundering cases involving IREO and its functionaries. The court directed the ED's director to address the lapses in the probe. The court noted that the accused company's real estate assets were allowed to be disposed of without proper oversight. Justice Kuldeep Tiwari issued these directives after being informed of a November 6 order by a coordinate bench, in which Gulshan Babbar sought the cancellation of bail granted to IREO MD Lalit Goya..

Next Story
Infrastructure Urban

Capitaland to buy 40% stake in SC Capital Partners for $209.31 mn

Singapore's CapitaLand Investment announced that it plans to acquire a 40 per cent stake in SC Capital Partners Group (SCCP) for $280 million. Additionally, the company intends to invest at least $524 million in SCCP. The acquisition of the 40 per cent stake in SCCP, a Singapore-based real estate investment manager, is expected to increase CapitaLand's funds under management (FUM) by $11 billion. The company explained that this move would strengthen its presence in Japan, its key market, where 76 per cent of the additional $11 billion FUM is located. In its statement, CapitaLand emphasised t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000