TVS ILP invests ₹125 cr in Cuttack Logistics Park

The Cuttack logistics park
TVS ILP has invested Rs 125 crore in the upcoming state-of-the-art warehousing facility in Cuttack, Odisha, marking a significant expansion for the company in the eastern markets. The upcoming facility spans 24 acres of land, housing two large warehouses totalling 5 lakh square feet, catering sectors like FMCG, FMCD, 3PL, and e-commerce. With its presence at a strategic location at the confluence of the Mumbai and Chennai-Kolkata highways (off NH 55), it enjoys excellent connectivity to the Paradip port and the major parts of the country.

“TVS ILP will invest around ₹125 crore in the project and it anticipates its completion by the end of December 2024. The Cuttack logistics park is expected to generate over 110 direct jobs and between 500 to 1,000 indirect employment opportunities in the region. 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,” said Manikandan Ramachandran, COO, TVS ILP.

The logistics park will incorporate green building principles, focusing on energy efficiency, water conservation, and the use of sustainable materials.
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