TVS ILP signs ₹200 crore Karnataka MoU to expand logistics parks
TVS ILP signs ₹200 crore MoU with Karnataka to develop tech-enabled industrial and logistics parks, boosting growth
TVS Industrial & Logistics Parks (TVS ILP) has signed a ₹200 crore Memorandum of Understanding with the Government of Karnataka at the Invest Karnataka Conclave 2026 held in Bengaluru on March 26, 2026, marking a step to strengthen its presence in southern India.
The agreement was signed between Dr Ramnath Subramaniam, Joint Managing Director, TVS ILP, and M B Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka, in the presence of senior state officials and company representatives.
The proposed investment will be used to develop tech-enabled industrial and logistics parks in Karnataka. The projects are aimed at strengthening the state’s industrial ecosystem by supporting manufacturing growth, generating employment and catering to diverse industry requirements.
TVS ILP signing MoU with the Government of Karnataka
The move aligns with TVS ILP’s strategy to expand its footprint in southern India, where consumption and industrial activity continue to grow. It also builds on the company’s existing presence in key southern markets and supports its approach to scaling integrated infrastructure.
Karnataka offers a strong environment for industrial development, supported by a network of national highways, rail corridors, ports and air infrastructure. Ongoing initiatives such as the Bengaluru–Mumbai Economic Corridor are expected to further improve connectivity, industrial linkages and freight movement. Along with progressive industrial policies, these developments continue to position the state as a key destination for logistics and industrial infrastructure.
Commenting on the development, Dr Ramnath Subramaniam said Karnataka is among India’s top-performing states for industrial growth and investment, and serves as a strategic connectivity hub with access to key markets in South and West India. He added that sectors such as e-commerce, manufacturing, FMCG/FMCD, automobiles, 3PL and start-ups are expanding in the region, and the company remains focused on developing Grade A and built-to-suit industrial and logistics parks to meet evolving business needs around Bengaluru.
The Government of Karnataka has undertaken several initiatives in recent years to accelerate industrial growth, including infrastructure upgrades, investor facilitation frameworks and targeted incentives for large-scale projects, aimed at improving ease of doing business.
TVS ILP currently operates 14 industrial and logistics parks across South India, with tenants from leading brands across multiple sectors.
