An Indian supply chain service provider that provides procurement support to the Ministry of Defence has announced it is to establish its knowledge and supply chain hub in the UK.
Coinciding with the visit of the Indian prime minister Narendra Modi to Britain, TVS Supply Chain Solutions announced its UK arm, TVS Logistics, is to become a regional hub for the business in Europe.
TVS was part of the consortium headed by Leidos which was awarded a £5 billion, 13-year contract to run the MoD’s military logistics programme. Under that deal TVS provides data and inventory management, and procurement and sourcing of items such as food, clothing, drugs, medical equipment and other supplies. It aims to save £500 million over the life of the contract, partly by reducing stock and cheaper commodity prices.
The company also intends to open a 165,000 square foot distribution warehouse and call centre in Barnsley, creating 100 new jobs.
R Dinesh, managing director of TVS Logistics, said: “The UK is a highly successful investment destination for TVS Logistics. TVS will continue to make further investments in the UK and will make it the gateway for future growth and expansion for its business in Europe. We are growing substantially in the UK and we will create another 500 jobs in the next five years as we grow our business here.”
TVS Supply Chain Solutions is part of the Indian conglomerate TVS Group. Modi’s visit to the UK is expected to result in trade and investment deals worth £10 billion.