TVS ILP breaks ground for warehouse to support U.S.-based First Solar
The Hindu
TVS ILP to build warehouse in Pillaipakkam to support First Solar's solar-manufacturing facility. Ground-breaking ceremony recently held. Facility to be completed in Q1 2024, providing 200 job opportunities. Warehouse to reduce time, inventory and space utilisation costs for First Solar.
TVS Industrial & Logistics Park (a part of TVS Mobility Group) will establish a warehouse in Pillaipakkam, in the neighbouring Kancheepuram district, to support U.S.-based First Solar’s vertically-integrated, solar-manufacturing facility located adjacent to the proposed warehouse.
The ground-breaking ceremony for the warehouse, which would serve as a staging area for First Solar’s raw materials and inventory, happened recently, TVS ILP said in a statement.
The facility is scheduled to be completed in the Q1 of 2024 and would provide job opportunities to 200.
“This strategic location is intended to reduce the time, inventory and space utilisation costs within the First Solar factory,” said TVS ILP COO Manikandan Ramachandran.
“We anticipate that the warehouse will play an important role in our effort to optimize inventory and capacity utilisation,” First Solar Vice President and Country MD Sujoy Ghosh.
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