TVS Industrial and Logistics Park, which provides industrial warehousing, intends to build 20 million square feet of industrial space by 2027.
According to Ramnath Subramaniam, CEO of TVS ILP, the development will help it become a billion-dollar platform. It plans to finish building an additional 3 million square feet by the end of CY2023.
The company, which has a presence in 11 cities and operates 7 million square feet of warehouse space, is looking to expand to 30 cities, including cities outside of metros and Tier 1 cities, according to the CEO.
The focus of warehousing has largely been limited to metros and Tier-1 cities, demonstrating the enormous market potential.
“We don’t want to restrict ourselves to the metros or the Tier 1 cities and, therefore, we are working on an exhaustive 30-city ambition.”
