Thursday, August 3, 2023

TVS ILP Strengthens Its Partnership With NIIF IFL To Accelerate The Development Of Sustainable Infrastructure

* The warehousing giant received nearly USD 100 million from NIIF Infrastructure Finance Limited (NIIF IFL)

TVS Industrial & Logistics Parks Pvt. Ltd (TVS ILP), a leading logistics infrastructure and warehousing company and part of the esteemed TVS Mobility Group, has strengthened its partnership with NIIF Infrastructure Finance Limited (NIIF IFL), bringing the total amount of facilities obtained to nearly USD 100 million.  

Both institutions are well-known for their ESG (environmental, social, and governance) focus and their commitment to sustainable development. The continued partnership exemplifies the shared determination to drive sustainable infrastructure development, thereby fostering long-term economic growth in the warehouse and industrial park sector. Capitalizing on this partnership, TVS ILP aims to accelerate its growth trajectory, with plans to double its portfolio to 20 million sq ft in the coming years with an investment of approximately USD 400 million.

Mr. Nitin Aggarwal, President, TVS ILP, “This investment solidifies TVS ILP's position as a leading player in the warehousing and industrial park segment. Our goal is to become the most trusted industry leader in providing integrated infrastructure solutions that meet the highest standards of quality, functionality, and environmental responsibility. The additional funds empower us to enhance our sustainability efforts, and we will look forward to continuing association with NIIF IFL.”

Mr. Shiva Rajaraman, CEO, NIIF IFL, “We are pleased to have collaborated with TVS ILP, an organization that shares our vision of promoting quality infrastructure throughout India with a strong emphasis on environmentally conscious practices. This collaboration will be a first step towards helping India's green infrastructure journey."

The collaboration between TVS ILP and NIIF IFL will accelerate the deployment of innovative and financially viable solutions that address India's infrastructure needs while minimizing environmental impact. It exemplifies TVS ILP's dedication to green warehousing and its role in driving industry innovation and progress.

TVS ILP's unwavering focus on sustainability and its dedication to delivering integrated infrastructure solutions position the company at the forefront of innovation and progress in the warehousing industry.

About TVS ILP:

Incorporated in 2005, TVS ILP is the first corporate in the Warehousing & Logistics space in the country following the best warehousing process in India. The company provides comprehensive warehousing solutions that are tailored to meet the unique needs of our clients. Our advanced team of experts, who have decades of experience in the warehousing and supply chain industry, is committed to delivering the highest quality of service. We specialize in a variety of warehouse services, including procurement, distribution, and storage facilities. The team is dedicated to providing customers with efficient and cost-effective solutions that are designed to maximize the efficiency of their warehouse operations.

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NIIF IFL is an Infrastructure Debt Fund-Non-Banking Financial Company (IDF-NBFC) set up in March 2014. It provides long-term assistance to environmentally sound operating infrastructure projects in India which have completed at least one year of satisfactory commercial operations & has a loan book of ~USD 2.5 Bn. NIIF IFL’s issuances are rated AAA by ICRA and CARE and the Company has a unique track record of maintaining 0% NPA since inception.

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