TVS ILP Invests in Grade-A Industrial & Logistics Park in Visakhapatnam

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  • Oct 16,25
The facility is equipped with advanced fire-fighting systems, wide internal roads for smooth truck movement, high floor load capacity, dual flushing systems and low-flow water fixtures.
TVS ILP Invests in Grade-A Industrial & Logistics Park in Visakhapatnam

TVS Industrial & Logistics Parks (TVS ILP) has invested Rs 2,500 million to develop a state-of-the-art Grade-A industrial and logistics park on 17 acres of land in Visakhapatnam. This facility marks another milestone in TVS ILP’s growth journey as it expands its pan-India network and provides world-class infrastructure for industrial parks.

Strategically located just 21 km from Vizag Airport, 28 km from Vizag Railway Station, and 32 km from Vizag Port, the park offers direct access to the Chennai–Kolkata Highway. The land was allocated through the Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC), which facilitated acquisition and expedited approvals. The park is being developed in multiple phases, with 4 lakh sq ft of ready-to-move space already available.

Key features of the park include a 12-metre clear height, LED lighting, and solar-powered streetlights with daylight sensors. The facility is equipped with advanced fire-fighting systems, wide internal roads for smooth truck movement, high floor load capacity, dual-flushing systems and low-flow water fixtures.

Sustainability has been prioritized with rainwater harvesting, 100 per cent reuse of treated wastewater, and renewable energy adoption, making the park ESG-compliant and future-ready. Once fully operational, the built-to-suit (BTS) facility is expected to create over 1,000 jobs, significantly contributing to the local economy.

Aditi Kumar, Joint Managing Director, TVS ILP, said, “Visakhapatnam’s strategic location along the Bay of Bengal makes it a natural hub for warehousing and logistics. With one of India’s busiest ports, it serves as a gateway for trade with Southeast Asia and beyond. TVS ILP’s park is designed to leverage this connectivity and cater to high-growth sectors such as pharmaceuticals, manufacturing, 3PLs, automobiles, electronics, and seafood processing. Through this development, we aim to accelerate industrial growth, enable trade, and create employment opportunities across South India.”

Visakhapatnam is also witnessing major infrastructure upgrades, including the upcoming Bogapuram International Airport and enhanced connectivity along the Chennai–Kolkata corridor. These developments are set to transform the city into one of India’s fastest-growing economic hubs. With its world-class facility, TVS ILP is well-positioned to support this expansion and strengthen its leadership in the warehousing and logistics sector in across South India.

Founded in 2005, TVS ILP is a leading tech-enabled infrastructure solutions provider and the first corporate developer in the Industrial & Logistics parks industry. The company offers comprehensive industrial infrastructure solutions that are tailored to meet the unique needs of clients. The team has decades of experience in the warehousing and supply chain industry and is committed to delivering the highest quality of service. Sustainability is a fundamental part of TVS ILP’s DNA, and they are committed to incorporating sustainability practices that result in significant benefits such as reduced carbon footprint, increased efficiency, and cost savings. TVS ILP is part of the TVS Mobility group and a joint venture between TVS SCS and Ravikumar Swaminathan & Family.

Image Source: https://www.financialexpress.com/wp-content/uploads/2023/09/TVSLogo.jpg

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