TVS Supply Chain unveils ₹1,100-cr warehousing space

TVS Supply Chain Solutions is planning to launch a new warehousing venture involving an investment of ₹1,100 crore. The UK government‘s investment arm CDC is injecting ₹369 crore and the work is all set to start. The new venture will focus on building modern warehouses on the outskirts of large industrial clusters such as Chennai, Pune and other cities. It would also focus on tapping the growing footprint of e-commerce ventures in the country. TVS Supply Chain Solutions is one of the largest warehousing companies with over 300 strategically located warehouses covering over 10 million sq ft of area in 29 states and UTs. Rituraj Verma, the partner at Nisus Finance Services, informed that the interest of investors in warehousing has spiked because of the sector‘s relative resilience to Covid-19. The industry expects consolidation in the sector as new investment is coming into the segment. The prices for land are likely to increase and will be matched with increased rentals in specific clusters.