The project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people.
Goemkarponn desk
PANAJI: TVS Industrial and Logistical Parks (TVS ILP) has signed a memorandum of understanding (MoU) with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of an avant-garde Grade A logistics & warehousing park in the Verna Industrial Estate. The strategic commitment involves an investment of Rs 125 crore.
Spanning an extensive area of 15-20 acres, the project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people.
Ramnath Subramaniam, CEO of TVS ILP, said, “Our partnership with Goa-IPB is a significant milestone for TVS ILP. The central government has been making investments in Goa’s infrastructure, making it an attractive business destination.
This MoU will help put Goa on the map for many businesses that require specialised warehousing solution. By aligning with the government’s vision, the logistics park aims to become a catalyst for economic growth, fostering industrialisation and generating employment opportunities for skilled and semi-skilled talent in the state.”
TVS ILP has 18 parks across 10 states. The company has embarked on a plan for the development of 20 million square feet of infrastructure spread across 20 warehousing parks nationwide in the next three to four years.
