TVS Industrial & Logistics Parks Pvt. Ltd. (TVS ILP), a number one logistics infrastructure and warehousing firm, stated it had lined up an funding of $400 million to double its portfolio of amenities to 20 million sq. ft. within the coming years.
The firm stated it strengthened partnership with NIIF Infrastructure Finance Limited (NIIF IFL), bringing the overall price of amenities obtained to practically $100 million.
The collaboration between TVS ILP and NIIF IFL will speed up the deployment of progressive and financially viable options that handle India’s infrastructure wants whereas minimising environmental influence, TVS ILP stated.
“This investment solidifies TVS ILP’s position as a leading player in the warehousing and industrial park segment. The additional funds empower us to enhance our sustainability efforts, and we will look forward to continuing association with NIIF IFL,” stated TVS ILP’s president Nitin Aggarwal.
“This collaboration will be a first step towards helping India’s green infrastructure journey,” stated NIIF IFL CEO Shiva Rajaraman.
