TVS Industrial & Logistics Parks (TVS ILP), part of the TVS Mobility Group, plans to invest between ₹2,500 crore and ₹2,700 crore over the next three years to significantly expand its warehousing portfolio from around 12 million square feet (msf) to 20 msf by 2028, reinforcing its position in India’s fast-growing logistics infrastructure sector.
The planned investment will support the development of Grade-A industrial and logistics parks across emerging markets, with a strategic focus on Tier-II and Tier-III cities, as well as eastern and central India. The expansion aligns with commitments made to investors in TVS Infrastructure Trust, the company’s listed Infrastructure Investment Trust (InvIT).
According to Dr. Ramnath Subramaniam, Joint Managing Director, TVS ILP, the company remains on track to achieve its target of growing the portfolio to around 20 msf by 2028. TVS ILP currently has nearly 12 msf of operational and under-development assets, including 10.67 msf transferred to its InvIT, while another 1.3 msf is under development, with additional land available for future expansion.
The proposed expansion will require an annual capital expenditure of ₹800–900 crore, although the company’s net annual outlay is expected to remain around ₹700–800 crore after recycling capital through the transfer of completed assets to its InvIT. This asset-recycling model enables TVS ILP to continually reinvest proceeds into new developments.
As part of its growth strategy, the company is expanding into Siliguri, Kolkata, Guwahati and Silchar in eastern India, while pursuing opportunities in Indore, Raipur, Nagpur, Haridwar, Varanasi and Goa in central India. It also plans to strengthen its presence in established manufacturing hubs such as Hosur, Madurai, Coimbatore and Tuticorin.
TVS ILP said demand for organized warehousing continues to be driven by manufacturing investments under the government’s Production Linked Incentive (PLI) scheme, the Make in India initiative, rapid growth in e-commerce and quick-commerce, and increasing requirements from electric vehicle manufacturers, FMCG companies and third-party logistics providers.
In addition to warehousing, the company is evaluating opportunities in cold storage infrastructure and the data centre ecosystem, while leveraging artificial intelligence across compliance, customer service and operations through its digital platform, ONE TVS ILP, to improve operational efficiency and predictive maintenance.
