TVS Supply Chain form joint venture with ALA group for defence and aerospace
TVS Group's logistics and supply chain arm, TVS Supply Chain Solutions, has formed a joint venture (JV) with an Italian firm, ALA Group. This 51:49 JV is for TVS's entry into the aerospace and defence segment.
The JV aims to generate a cumulative revenue of over Rs 2,000 crore by 2031. As per ET, the firm aims to address opportunities in the domestic aerospace and defence sector and will specialise in end-to-end integrated supply chain solutions, including sourcing and supply of aerospace and defence components, kitting and sub-assembly operations, as well as consolidation, imports, warehousing and delivery.
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