TVS Supply Chain set to launch Rs 1,100-crore warehousing venture

TVS Supply Chain Solutions, earlier known as TVS Logistics Services, is looking to launch a new warehousing venture, said a source in the know, with an investment of $150 million (Rs 1,100 crore).

The UK government’s investment arm CDC is pumping in $50 million (Rs 369 crore), said sources. The venture is expected to be launched this month.

“The venture will focus on building modern warehouses on the outskirts of large industrial clusters such as Chennai, Pune and so on,” sources said, adding that it would also focus on tapping growing the footprint of e-commerce ventures in the country. 

Though the exact area