TVS Industrial & Logistics Parks (TVS ILP) has acquired 1.4 lakh sqft industrial facility in Siliguri, West Bengal and plans to invest USD 500 million to meet the warehousing and logistics need of a wide array of fast developing industries like pharmaceuticals, e-commerce and retail.
The facility, developed on a 5.66-acre plot in Fulbari, marks TVS ILP as the first major developer to establish a presence in the city, solidifying its role as a pioneer in delivering Grade A industrial infrastructure across the country.
“TVS ILP’s new Siliguri park is designed with a focus on operational efficiency and flexibility. It currently hosts a leading e-commerce player and offers build-to-suit options, ensuring that the facility can accommodate a variety of business requirements. The region has a wide array of fast developing industries like pharmaceuticals, e-commerce and retail boosting the demand for high quality and strategic supply chain solutions and logistical infrastructure,” the company said in a statement.
Siliguri, a major Tier 2 city in West Bengal, straddles the Darjeeling and Jalpaiguri districts and serves as the ‘Gateway of North-East India’. Traditionally known for its tea, timber, and tourism industries, Siliguri has seen rapid growth in transportation and logistics, making it an essential hub for trade and industrial operations.
“Entering the Siliguri market as the first Grade A developer is a strategic step for TVS ILP’s venture in the eastern industrial zone. The city’s position as a gateway to northeast India makes it an ideal hub for cross-border trade, and our facility is designed to streamline these operations, ensuring smooth and efficient logistics for our customers,” Aditi Kumar, Executive Director, TVS ILP, said.
As consumption in Tier-2 and Tier-3 cities like Siliguri continues to rise, the company is committed to capitalising on this growth by providing state-of-the-art infrastructure that meets modern business needs. “Additionally, our investment in Siliguri will create valuable employment opportunities, contributing to the local economy and supporting the region’s development,” Kumar added.
In addition to the new facility in Siliguri, TVS ILP has an existing project in Cuttack and is actively pursuing further expansion opportunities. This growth strategy is focused on tapping into the vast potential of untapped Tier 2 and Tier 3 markets across east India.
“By investing in these emerging regions, TVS ILP is enhancing regional trade and logistics infrastructure. The company remains committed to delivering Grade A industrial facility that support local economies and foster employment opportunities, thereby contributing to the broader economic development of east India,” the company said.
