TVS ILP (part of TVS Mobility Group) recently laid the foundation stone for a new state-of-the-art warehouse in Cuttack, Odisha. This event marks a major milestone in the company's expansion efforts in the eastern markets.

The upcoming facility is spread over 24 acres of land and houses two department stores with a total area of 5,000 sq ft, catering verticals such as FMCG, 3PL and e-commerce. Strategically located at the intersection of Mumbai and Chennai-Kolkata Expressways (along NH 55), it enjoys excellent connectivity to Paradip Port and major parts of the country.

TVS ILP is investing around Rs 125 crore in the project and from It is expected to be completed by the end of December 2024. The Cuttack Logistics Park is expected to create more than 110 direct jobs and 500-1000 indirect jobs in the region.

In addition, as part of TVS ILP's commitment to sustainability, the park will integrate Logistics principles of sustainable construction, with an emphasis on energy efficiency, water conservation and the use of sustainable materials. Plans are afoot to certify the park with IFC's Edge Advanced Green Building certification.

Manikandan Ramachandran, COO, TVS ILP, said, “Chudwar Industrial Park has huge potential for growth and our new facility aims to enable companies to... Efficiently meeting the rapidly growing demand in the eastern part of the country, we hope to contribute to the prosperity of the region by creating significant employment opportunities for the local community and at the same time building seamless connectivity between the various commercial centers. This facility represents another step in our commitment to building industrial parks every 400 km India As the first company to explore the market, we want to remain steadfast in our aggressive expansion plans in the eastern markets - two cities in Odisha, building on its successful track record as the first national logistics park to enter the state.