CDC completed the acquisition of a minority stake in TVS Industrial and Logistics Parks.

CDC, an investment firm, completed the acquisition of a minority stake in TVS Industrial and Logistics Parks, a joint venture between TVS Supply Chain Solutions and Ravi Swaminathan Associate that provides warehousing services. Financial terms were not disclosed. “This type of business-enabling infrastructure plays a vital role in economic development by connecting regions, enabling economies of scale, and reducing the cost of goods for consumers. Our investment will create 3,000 construction jobs and support the creation of a further 500 jobs during warehouse operations, Srini Nagarajan, CDC Managing Director and Fead of Asia.