TVS ILP invests ₹125 crore into upcoming Cuttack warehousing facility

TVS Industrial & Logistics Parks recently broke ground for a warehouse in Cuttack, Odisha that spans 24 acres of land, housing two large warehouses totalling 5 lakh square feet

The logistics park developer is planning to cater to sectors like FMCG, FMCD, 3PL, and e-commerce.

TVS ILP will invest around ₹125 crore in the project and it anticipates its completion by the end of December 2024.

“Now we are focusing on Siliguri in Sikkim and Guwahati in Assam. We are strong in South India and from the southern region we want to move to the eastern region of India and that's where our primary focus is now,” said Manikandan Ramachandran, COO of TVS ILP in a recent interview with ITLN.

The upcoming facility, with its presence at a strategic location at the confluence of the Mumbai and Chennai-Kolkata highways (off NH 55), enjoys excellent connectivity to the Paradip port and the major parts of the country.

The Cuttack logistics park is expected to generate over 110 direct jobs and between 500 to 1,000 indirect employment opportunities in the region.

Ramachandran: “The Choudwar Industrial Estate has immense growth potential, and our new facility aims to enable businesses to efficiently cater to the rapidly growing demand from the eastern part of the country.

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