TVS ILP completes $100mn fund raise from NIIF
TVS Industrial & Logistics Parks to double portfolio to 20 million sq ft in coming years
TVS Industrial & Logistics Parks (TVS ILP), a leading logistics infrastructure and warehousing company and part of the TVS Mobility Group, has strengthened its partnership with NIIF Infrastructure Finance (NIIF IFL). TVS ILP received the investment in three phases totaling roughly $100 million.
Capitalising on the partnership, TVS ILP plans to double its portfolio to 20 million sq ft with an investment of approximately $400 million.
Nitin Aggarwal, President, TVS ILP says: “This investment solidifies TVS ILP's position as a leading player in the warehousing and industrial park segment. Our goal is to become the most trusted industry leader in providing integrated infrastructure solutions that meet the highest standards of quality, functionality, and environmental responsibility. The additional funds empower us to enhance our sustainability efforts, and we will look forward to continuing association with NIIF IFL.”
Shiva Rajaraman, CEO, NIIF IFL adds: “We are pleased to have collaborated with TVS ILP, an organisation that shares our vision of promoting quality infrastructure throughout India with a strong emphasis on environmentally conscious practices. This collaboration will be a first step towards helping India's green infrastructure journey."
Both institutions are well-known for their environmental, social, and governance (ESG) focus and commitment to sustainable development. The continued partnership highlights the shared determination to drive sustainable infrastructure development, thereby fostering long-term economic growth in the warehouse and industrial park sector.