TVS Industrial and Logistics Parks looks at UK-based impact investor for ‘growth capital’

Chennai

It is the first time TVS ILP has raised institutional investment. CDC will become a significant minority shareholder in the business.

R Dinesh, Director, TVS ILP, said: “To propel the company to the next level of growth, we feel bringing in a strategic investment partner is the ideal next step. TVS ILP and CDC have a similar vision to bring in the best-in-class environmental and sustainable practices to this industry.”

Ravi Swaminathan, Director, TVS ILP, said, “Having acquired knowledge and capability in the past 15 years of our existence we decided to focus on scale and size. To achieve this, we had sought growth capital from investors. We understand that this is the first-of-its-kind investment by an impact investor in our industry.”

Srini Nagarajan, MD-Head of Asia, CDC, said: “The company is playing a key developmental role by providing investment-grade warehouses in underserved markets, helping to facilitate trade and transport with efficient logistic facilities. Our investment will create 3,000 construction jobs and support the creation of a further 500 jobs during warehouse operations.”