“The Southern region constitutes 60% of our comprehensive land bank portfolio, signifying a substantial presence, while the Eastern region, poised for significant growth, contributes 40%. Specifically focusing on South India, we aim to leverage its robust manufacturing base,” said Manikandan Ramachandran, COO, TVS ILP.
Currently, the company has a portfolio of 10 million sq ft and is targeting revenues of $100 million annually over the next five years.
Last year, TVS ILP acquired around 145 acres in Andhra Pradesh, Tamil Nadu, and Madhya Pradesh. It plans to develop around 5 million sq ft with a total investment of Rs 1,500 crore over the coming quarters.
These acquisitions fit well with TVS ILP’s expansion strategy for the next financial year wherein the company aims to build and expand industrial and logistics parks in key Tier 1 and Tier 2 cities across South, East, and Central India.
“This strategic land acquisition was specifically concentrated in South and East India. Of this total, 90 acres were dedicated to the southern geography, reflecting a substantial investment of Rs 160 crore,” said Ramachandran.”We are making significant strides in expanding our presence in the East, with plans to establish 2 million sq ft of new infrastructure. This strategic growth initiative aligns with our commitment to creating state-of-the-art industrial and logistics parks, further solidifying our position as a key player in these dynamic regions,” he said.The firm also entered new markets such as Pune, Jaipur, Chennai, Hosur, Madurai, Coimbatore, Kochi, and Guwahati.
