Latest news with #TVSSupplyChainSolutions
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Business Standard
2 days ago
- Business
- Business Standard
Peru pitches critical minerals to Indian firms, FTA likely by early 2026
Amid concerns over China's ban on the export of rare earths, Peru has invited Indian companies to invest, start joint venture exploration, and establish technological tie-ups in the sector to source these critical minerals from the Latin American nation. A top diplomat from the Latin American country said on Monday in Chennai that both India and Peru are expected to finalise a comprehensive Free Trade Agreement (FTA) by the end of this year or early 2026. 'Of special relevance to today's world—and to India's strategic ambitions in clean energy and advanced technologies—are Peru's deposits of rare earth minerals, including neodymium, praseodymium, dysprosium, and terbium. Peru welcomes Indian investment, joint exploration initiatives, and technological collaboration in this vital sector,' said Javier Manuel Paulinich Velarde, Ambassador of Peru to India. Addressing the first official Peruvian National Day celebration in Chennai, he added that these critical minerals are essential for the production of electric vehicles, wind turbines, electronics, and next-generation defence systems. 'By the end of this year or early 2026, we expect to conclude the Free Trade Agreement negotiations, unlocking mutual opportunities in trade, investment, agribusiness, pharmaceuticals, and technology,' Velarde said. India is now Peru's third-largest trading partner in the Latin American and Caribbean region. The India–Peru economic partnership has seen significant momentum in recent years, with bilateral trade growing from $2.34 billion in 2019–20 to $4.03 billion in 2023–24. 'As Peru emerges as a key source of critical minerals including rare-earth magnets, copper, and lithium, we see great potential for Tamil Nadu-based manufacturing industries to forge mutually beneficial partnerships,' said R. Dinesh, Honorary Consul of Peru in Chennai and Chairman of TVS Supply Chain Solutions. 'I strongly believe that the deep, shared interests between India and Peru can foster meaningful collaborations among entrepreneurs, investors, and institutions—driving outcomes that are both commercially rewarding and culturally enriching,' Dinesh said. Velarde also invited Indian companies to explore investment opportunities in the port and logistics sector. 'Peru's strategic location on the South Pacific, supported by a modern and expanding maritime infrastructure, positions us as a logistics hub and gateway to Asia—including India. This translates into lower shipping costs, shorter delivery times, and greater opportunities for regional integration. We are also pleased to highlight that new investment opportunities remain open in our port and logistics sectors,' he added. The ongoing negotiations for a comprehensive Free Trade Agreement (FTA) between the two countries are expected to deepen market access and address both tariff and non-tariff barriers. Once finalised, the FTA is expected to open up new opportunities in goods, services, and investments, particularly in sectors such as healthcare, renewable energy, digital technology, and clean mobility. 'Tamil Nadu is uniquely positioned to engage with Peru—a country rich in resources, business potential, and culture. Key sectors such as mining, automobiles, IT, agriculture, and horticulture present significant opportunities for collaboration,' he added.
The Hindu
6 days ago
- Business
- The Hindu
India-U.K. Trade Deal: India Inc welcomes the free trade agreement
India Inc on Thursday (July 24, 2025) hailed the India-UK free trade agreement. This landmark deal paves the way for a new era of economic cooperation between two vibrant economies, R. Dinesh, Chairman, TVS Supply Chain Solutions, said. As a company with a strong presence in both India and the U.K., we at TVS Supply Chain Solutions see this FTA as a strategic enabler, he said. 'It will help streamline trade flows, reduce operational friction, and accelerate our ability to deliver cost-effective, agile solutions to global customers. With our strong presence in the UK and India , the agreement further strengthens our position in a critical market while opening new doors for cross-border collaboration, investment, and innovation,' Mr. Dinesh said. For TVS Motor Company, the agreement comes at a pivotal time as it prepares to launch a new line of Norton Motorcycles in the UK, following its strategic acquisition of the iconic British brand, Sudarshan Venu, Managing Director, TVS Motor Company, said. 'We are particularly excited given the launch of new Norton vehicles this year, which will benefit from the strengthening of trade links between India and the UK. It energises our global ambitions and strengthens our resolve to build world-class products and brands,' he said. TVS Motor believes the India-UK FTA will create immense opportunities for Indian companies to expand their global footprint while showcasing the country's innovation and engineering excellence on a larger platform, Mr. Sudarshan Venu added. The reactions from other industry leaders are below. OmniActive Health Technologies 'The India–UK FTA is a welcome move. Our exports to the UK went up by 12.6% last year, and this deal gives us a chance to build on that growth. But it's not just about trade volumes—what stands out is the scope it opens up in healthcare. With regulatory barriers coming down, Indian healthcare companies will find it easier to operate in the UK, and that can lead to more affordable services and better collaboration between the two systems. That's a space worth watching. At the same time, we can't lose sight of the fact that FTAs only work well when businesses at home are strong,' said Mr. Sanjaya Mariwala, Executive Chairman and Managing Director, OmniActive Health Technologies in a release. Choice International Ltd. Arun Poddar, CEO at Choice International Ltd welcomed the 'historic deal' said would significantly improve market access for Indian companies and will boost bilateral trade by around $34 billion annually. ''The historic free trade agreement (FTA) signed between the UK and India will significantly improve market access for Indian companies and will boost bilateral trade by around $34 billion annually. This agreement will pave the way for duty-free access to 99% of Indian exports, particularly from labour-intensive sectors like textiles, marine products, leather, footwear, engineering goods, auto components, engines, and chemicals. Overall, this development will have a very positive impact on the country's economy and could provide a major boost to the manufacturing sector, especially to the MSME sector,' Mr. Poddar said. A a pivotal milestone: Pharmaceuticals Export Promotion Council 'The India-UK Free Trade Agreement (FTA) marks a pivotal milestone in economic cooperation, particularly in the pharmaceutical sector. With India's pharmaceutical exports to the UK reaching $914 million in FY24, the agreement strengthens supply chains, enhances access to affordable medicines and drives foreign direct Investment (FDI). The partnership paves way for collaborations in bulk drug imports, CDMO and joint research, empowering India's competitive edge and promoting global partnerships,' Pharmaceuticals Export Promotion Council Chairman Namit Joshi said. Hero FinCorp Ltd 'The India–UK FTA is more than a trade pact—it's a launchpad for India's entrepreneurs to tap global demand, scale faster, and lead with confidence. A proud moment in our journey to an Atmanirbhar Bharat.' – Mr. Abhimanyu Munjal, MD & CEO, Hero FinCorp Ltd Deal marks a transformative moment in the global economic landscape: Mahindra Group 'The landmark trade agreement between India and the UK marks a transformative moment in the global economic landscape. It's not just a win for trade, but a blueprint for a modern, values-led partnership that puts innovation, sustainability, and inclusive growth at the heart of global collaboration. At Mahindra, we believe deeply in the power of such cross-border partnerships to unlock economic potential, create high-quality jobs, and accelerate progress in future-facing sectors from green mobility and clean energy to digital technologies and advanced manufacturing. The UK-India Vision 2035 aligns closely with our own strategic priorities building resilient supply chains, investing in frontier technologies, and fostering a just transition to a low-carbon economy. As Indian industry becomes increasingly global in its footprint and ambition, we look forward to contributing meaningfully to this next chapter of UK-India cooperation. This deal is also a testament to the growing stature of India as a trusted partner and innovation powerhouse in the global order. We commend both governments for their bold leadership in charting a shared future rooted in prosperity, sustainability, and trust., said the statement from Anish Shah, Group CEO & MD, Mahindra Group.
Business Standard
09-07-2025
- Business
- Business Standard
India Ratings affirms ratings of TVS Supply Chain Solutions at 'AA/A1+' with 'stable' outlook
TVS Supply Chain Solutions (TVS SCS) stated that India Ratings and Research has affirmed the company's long-term rating at 'IND AA' with 'stable' outlook. The agency has affirmed the companys short-term rating at 'IND A1+. India Ratings and Research said that affirmation reflects the strong business profile of TVS SCS, which is underpinned by its end-to-end product offerings, strong customer-connect and diversified operations. This is further strengthened by the companys focus on the addition of large customers, reflected in a gradual increase in Fortune 500 customers to 91 in FY25 (FY24: 78; FY21: 54). The ratings also reflect the comfortable consolidated financial profile of TVS SCS with the net leverage (net debt including lease liabilities/EBITDA) improving to 2.1x in FY25 (FY24: 2.3x) with minimal term debt on the balance sheet. The rating also reflects the companys modest return on capital employed (ROCE) that remained below 10% in FY25; the improvement of which remains a key rating monitorable. TVS Supply Chain Solutions is a part of TVS Mobility Private Limited, the parent company of the TS Rajam family-owned assets. The company provides integrated supply chain solution services and network solution with operations across 26 countries including India, the UK, the US, Spain, Germany, Singapore and Thailand. The scrip advanced 1.64% to currently trade at Rs 133.05 on the BSE.
Business Standard
08-07-2025
- Business
- Business Standard
TVS Supply Chain Solutions allots 6,530 equity shares under ESOP
TVS Supply Chain Solutions has allotted 6,530 equity shares under TVS SCS Management Incentive Plan II, 2018. Post allotment, the issued and paid-up equity share capital of the Company stands increased from Rs 44,11,69,497/- comprising of 44,11,69,497 equity shares of Re 1/- each, fully paid-up to Rs 44,11,76,027 /- comprising of 44,11,76,027 equity shares of Re 1/- by Capital Market - Live News
Business Standard
30-05-2025
- Business
- Business Standard
TVS Supply Chain Solutions reports consolidated net loss of Rs 4.76 crore in the March 2025 quarter
Sales rise 2.99% to Rs 2498.83 crore Net loss of TVS Supply Chain Solutions reported to Rs 4.76 crore in the quarter ended March 2025 as against net profit of Rs 4.32 crore during the previous quarter ended March 2024. Sales rose 2.99% to Rs 2498.83 crore in the quarter ended March 2025 as against Rs 2426.31 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 13.59 crore in the year ended March 2025 as against net loss of Rs 101.21 crore during the previous year ended March 2024. Sales rose 8.65% to Rs 9995.72 crore in the year ended March 2025 as against Rs 9199.98 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2498.832426.31 3 9995.729199.98 9 OPM % 6.766.82 - 6.927.58 - PBDT 146.29143.47 2 572.92547.06 5 PBT 12.964.94 162 29.36-9.66 LP NP -4.764.32 PL -13.59-101.21 87
