TVS Logistics to make UK arm the regional hub for its Europe operations

TVS Logistics, a Chennai-based third party logistics service (3PL) provider, announced on Friday that its UK business, TVS Supply Chain Solutions (TVS SCS), will be the regional hub for entire Europe and a knowledge hub for supply chain Stock Market Trading Tips

The company said its UK arm's revenues have grown nearly seven times in the last five years from £40m (Rs 400 crore) to £274m (Rs 2,740 crore) forecast for this financial year. 

The company also announced the opening of a new 1,65,000 sq ft advanced logistics facility in Barnsley, with a rental commitment of £20m (Rs 200 crore), where it will have its distribution warehouse and call centre. 

The new facility is expected to create 100 new jobs as they further expand the business in the future. The new premises will also give rise to a new Logistics and Distribution training centre for staff development. Barnsley Council is supporting this development to create more jobs and for improved business base Himanshu Tiwari Astrologer Blog

Earlier this year, TVS SCS, in a consortium with technology company team Leidos, won a key contract from UK Ministry of Defence (MoD) for its procurement solutions. 

The contract, worth £5bn over the 13-year period, will see TVS play a key role in data management, inventory management, procurement and product sourcing for the full range of military and non-military commodities required by the ministry, including food, clothing, pharmaceuticals, medical equipment and general supplies. 

As part of the contract, TVS will introduce improved procurement processes that will lead to reductions in stockholdings and commodity prices and generate £500m (Rs 500 crore) worth of efficiencies to the UK ministry of defence over the 13 years Indian stock market astrology prediction

R Dinesh, MD, TVS Logistics Services said, "The UK is a highly successful investment destination for TVS Logistics. TVS Logistics will work to help the 'Make in India' campaign successful as it has the know-how to make manufacturing in India Logistically competitive. TVS can provide significant benefits to the Indian Armed Forces through the learning from its UK division to reduce cost, improve availability and overcome obsolescence issues in non-military commodity requirements such as food, clothing, medical equipment, pharmaceuticals and in the Indian Army's military vehicle fleet." 

Trade and investment minister Lord Maude said: "UK and India have a strong, successful trade relationship. Prime Minister Modi's visit to the UK this week demonstrates our commitment and ambition to collaborate further. Both countries have a wealth of talent and expertise to share and I am pleased to see so many UK and Indian companies announcing deals this week. By working in partnership we can deliver real benefits and job creation for both of our economies Share Market Astrology

TVS has made three acquisitions in the UK and operates through 47 locations there, four in Ireland and 84 locations in Europe. Its business is primarily focused on providing supply chain services for clients in the sectors like, Defence, Industrial, Automotive, Beverage, Technology, Utilities, etc. 

TVS SCS already provides over 2500 jobs in the UK and in Europe and is one of the largest Indian employers in Northern England. The company will look to add another 550 new jobs as it expands its business in the next five years. 

TVS Logistics (TVS LSL) recorded an annual turnover of Rs 3,100 crore for FY 15, operating in UK, Spain, Thailand, USA, Germany, China and Australia through a mix of subsidiaries and JV partners Commodity Market Astrology Tips