TVS ILP Strengthens Southern Presence at Invest Karnataka Conclave 2026
FinTech BizNews Service
Mumbai, March 31, 2026: TVS Industrial & Logistics Parks (TVS ILP), India’s first corporate developer in warehousing, has signed a Memorandum of Understanding (MoU) worth Rs200 crore with the Government of Karnataka at the recently concluded Invest Karnataka Conclave 2026 held in Bengaluru on 26th March 2026. The signing took place between Dr. Ramnath Subramaniam, Joint Managing Director, TVS ILP and Shri M. B. Patil, Minister for Large & Medium Industries and Infrastructure Development of Karnataka in the presence of Gunjan Krishna, Commissioner & CEO, IKF; Selva Kumar, Principal Secretary for Commerce & Industry Department of Karnataka; Dr. M. Mahesh, CEO, KIADB and Rohini Pathi, Head – Business Development, TVS ILP.
The proposed investment will be directed towards developing tech-enabled industrial and logistics parks in Karnataka, aimed at strengthening the state’s industrial ecosystem. The objective is to build infrastructure that supports manufacturing growth, generates employment and cater to diverse industry requirements.
This strategic signing aligns with TVS ILP’s focus on expanding its footprint in southern India, a region witnessing sustained growth in consumption and industrial activity. This move builds on the company’s existing presence in key southern markets and reinforces its approach to scaling integrated infrastructure.
Karnataka offers a strong environment for industrial development, supported by an extensive network of national highways, rail corridors, ports, and air infrastructure. The state is further strengthening its connectivity backbone through large-scale initiatives such as the Bengaluru–Mumbai Economic Corridor, which is expected to enhance industrial linkages and freight movement. Coupled with progressive industrial policies these developments continue to position Karnataka as a prime destination for logistics and industrial infrastructure.
Commenting on the development, Dr. Ramnath Subramaniam, Joint Managing Director, TVS ILP, said “Karnataka is one of India’s top-performing states when it comes to industrial growth and attracting both domestic and international investments and we are excited to be part of the state’s growth trajectory. The state also serves as a strategic connectivity hub, offering excellent access to South and West India key markets. With sectors such as e-commerce, manufacturing, FMCG/FMCD, automobiles, 3PL, and startups continuing to establish and expand their presence, our focus remains on developing Grade-A and Built-to-Suit industrial and logistics parks that meets their evolving business needs in the periphery of Bangalore city. “
The Government of Karnataka has in recent times undertaken several initiatives to accelerate industrial growth, including infrastructure upgrades, investor facilitation frameworks, and targeted incentives for large-scale projects, further enhancing ease of doing business in the state.
TVS ILP currently operates 14 industrial and logistics parks across South India, with tenants from leading brands across diverse sectors.
