My India First

My India First

tvs: TVS ILP performs ground-breaking ceremony for brand new state-of-the-art warehouse in Chennai

TVS Industrial and Logistics Parks (TVS ILP), a part of the TVS Mobility Group, has held the groundbreaking ceremony of its state-of-the-art warehouse within the metropolis, the corporate stated on Friday. Town-based agency by way of the brand new warehouse has deliberate to supply assist to the vertically built-in photo voltaic manufacturing facility of US-headquartered First Photo voltaic.

The warehouse to return up over an space measuring 5.70 lakh sq ft at Pillaipakkam in neighbouring Kancheepuram district, would provide the uncooked supplies and stock to First Photo voltaic, an organization assertion right here stated.

TVS ILP COO Manikandan Ramachandra stated, “This strategic location is meant to scale back time, stock, and house utilization prices inside the First Photo voltaic manufacturing facility…”

“We perceive the significance of proximity for manufacturing firms in want of warehouses close to their amenities, and our strategic land acquisition adjoining to First Photo voltaic’s facility emphasizes our dedication to assembly this want,” he stated.

The development work of the ability is anticipated to be accomplished by the primary quarter of 2024 and can generate 200 jobs within the area.

First Photo voltaic Vice President Sujoy Ghosh stated, “We’re happy that TVS ILP has determined to arrange this necessary piece of warehousing infrastructure near our facility in Chennai.” “We anticipate that the warehouse will play an necessary position in our effort to optimize stock and capability utilization,” Ghosh, additionally the corporate’s Nation Managing Director, stated.

In accordance with the corporate, the foray into the renewable vitality sector is a testomony to its versatility and dedication to serving purchasers from various industries.

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