Page 30 - Indian Transport & Logistics News July - August 2024 Issue for Website

Report
Warehousing

TVS ILP plans

InvIT to

fund growth

TVS ILP is planning for its maiden InvIT while the Indian warehousing
sector is in a boom. Ramnath Subramaniam of TVS Infrastructure
Investment Manager speaks about their need for InvIT, challenges
and opportunities in the market.
Libin Chacko Kurian

he Indian logistics park As per plans, all the assets which TVS IM is a wholly owned subsidiary
developer TVS Industrial are currently rent yielding in TVS ILP of TVS ILP and has been appointed to
& Logistics Parks (TVS will be shifted to the InvIT platform and act as the investment manager to TVS
TILP) is planning to launch once the InvIT issue is completed every Infrastructure Trust, an InvIT set-up as
an Infrastructure Investment Trust year ready assets will be shifted to this per the Securities and Exchange Board
(InvIT) for generating growth capital InvIT platform," said Subramaniam. of India (SEBI) regulations.
for funding future growth plans of “InvIT is an excellent investment InvITs are investment instruments
the company according to Ramnath platform created by Government of India that work like mutual funds and are
Subramaniam, Executive Director to channelise long term external and regulated by the SEBI. In 2014, SEBI gave
at TVS Infrastructure Investment domestic funds to participate in hard a nod for Real Estate Investment Trusts
Manager (TVS IM). assets that are rent yielding” he said. (REITs) and InvITs to launch in India.

28
July - August 2024 www.itln.in