TVS Industrial & Logistics Parks Pvt Ltd

• Direct: Construction and operation of 4.2 million square feet of Grade A warehouses.
• Direct: Eight warehouses constructed to EDGE Advanced certification delivering energy and water savings and associated greenhouse gas emission savings.

• Economic enabler: Through significantly increasing the stock of Grade A warehouses, enabling improved efficiencies of logistics-dependent industries and boosting India’s competitiveness.
• Catalysing markets: EDGE Advanced certification of TVS’ warehouses is expected to send a clear market signal by demonstrating the commercial attractiveness of applying green building standards, contributing to increased proportion of new warehouse developments EDGE certified in India.

Pan-India. For direct employment: c. 60 per cent in category ‘D’ states, c. 20 per cent in category ‘C’ states, c. 20 per cent in category ‘A’ and ‘B’ states.

• Construction contractors: c. 54 per cent unskilled, c. 46 per cent skilled labour.
• TVS tenants’ employees: c. 70 per cent workers, c. 30 per cent managerial.

Global (C02 emissions) and local (water)

Greenhouse gas emissions reduction; reduced water usage

• Employees: 3,000 construction jobs (FTE); 500 jobs (FTE) during operations (assessing the scale and depth of indirect job creation resulting from wider economic development is challenging).
• Planet: Reductions from one assessment of a TVS warehouse constructed to EDGE Advanced standard has shown reduction in water use of c. 10 per cent and a c. 5 per cent gain in energy through high-efficiency AC, which translates to total estimated savings of 93 metric tonnes of CO2 and a minimum of 3,300m3 water usage per year. Water and energy savings will also be achieved at the other warehouses in pipeline.

2.55

• Financial: Capital not offered on the same terms.
• Value-add: Improvement of processes, practices or standards: CDC will support TVS to improve environmental, social and business integrity governance and processes.
• Climate change: TVS is required to construct all new warehouses to EDGE40 (Advanced) and to commission energy and water audits for existing warehouses.

• Execution: The strategy of the platform is ambitious, with multiple locations being built at the same time. Delays in development timelines would also result in delayed impact. This risk must be tolerated to achieve the impact.
• Evidence: While the academic literature supports the economic enabling impact of logistics infrastructure, assessing the scale and depth of impact of individual warehousing is challenging.
• Unintended: Potential for displacement of existing lower-standard warehouses and associated jobs. This risk is considered low. In addition, jobs created in new Grade A warehouses are likely to be of better quality than those in existing lower-standard warehouses.