TVS SCS Forms JV with ALA Corp for Aerospace & Defence

TVS Supply Chain Solutions (TVS SCS) announced the formation of a joint venture with Italy-based ALA Group to develop a supply chain platform for India's aerospace and defense sectors. TVS SCS will invest up to INR 101.9 million in its subsidiary, TVS Packaging Solutions Private Limited, which will then form the JV. ALA Group will also invest in TVS Packaging. The JV aims to support business expansion and development in the aerospace and defense sectors. Post-investment, TVS SCS will hold 51% and ALA Group 49% in TVS Packaging. The JV targets cumulative revenues exceeding ₹2,000 Cr by 2031. The funding is expected to be completed by September 30, 2026.