MoU with Tamil Nadu Government Paves the Way
Chennai, January 10, 2024: Mahindra World City Developers Limited (MWCDL) has inked a significant Memorandum of Understanding (MoU) with the Government of Tamil Nadu, creating opportunities for investments exceeding INR 1000 Crore over the next five years.
This partnership is poised to open doors for over 2000 job opportunities in the state. The announcement coincides with the launch of Origins by Mahindra – Phase II, located at Eliambedu village in Chennai, which will serve as the foundation for this substantial investment.
Also read | NIIF’s India-Japan Fund to Invest INR 400 Crore in Mahindra Last Mile Mobility Limited
Origins by Mahindra – A Hub of Success
Origins by Mahindra, with its first phase already making waves, spans 307 acres and has become a favored industrial hub for renowned Japanese and Taiwanese enterprises. Notable companies like Yanmar Engine Manufacturing India Pvt. Ltd., Nissei Electric India Pvt. Ltd., and Mitsubishi Electric, among others, have chosen this location. Impressively, Origins by Mahindra in Chennai is the first industrial cluster in Tamil Nadu to achieve the prestigious IGBC Green Cities’ ‘Platinum’ rating, emphasizing a commitment to sustainable and environmentally conscious industrial development.
Commitment to Sustainable Development
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Limited, expressed enthusiasm about expanding operations with Origins by Mahindra Phase – II. Sinha highlighted the company’s commitment to sustainable development and world-class infrastructure, aligning seamlessly with the Indian Government’s ‘Make in India’ initiative. The focus on creating vibrant and integrated industrial ecosystems aims to provide an ideal platform for businesses to thrive and contribute significantly to the nation’s economic growth.
Also read | Mahindra Last Mile Mobility Limited and Attero Collaborate for Sustainable EV Battery Recycling
Diverse Industries and Economic Prosperity
Rajaram Pai, Chief Business Officer – Industrial, Mahindra Lifespace Developers Limited, emphasized that the launch of Origins by Mahindra – Phase II marks a crucial step in the business expansion and growth journey. The focus on sustainability is expected to attract industries that share a commitment to environmentally responsible practices. The expansion targets a diverse set of industries, creating a dynamic ecosystem that will contribute to the economic prosperity of Tamil Nadu and the nation at large.
Strategic Location and Exceptional Connectivity
Origins by Mahindra, Chennai, strategically located along NH16 and in close proximity to the Chennai – Bangalore Industrial Corridor (CBIC) and Chennai – Vizag Industrial Corridor (CVIC), enjoys exceptional connectivity. With access to three major ports—Chennai, Ennore, and Kattupalli—and convenient connectivity to Chennai City’s CBD, the industrial park is ideally positioned for business success.
Also read | Mahindra Unveils Environment-Friendly CNG Tractor at Agrovision Nagpur
About Mahindra Lifespace Developers Ltd
Established in 1994, Mahindra Lifespace Developers Ltd. brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry. The Company’s development portfolio includes residential projects, value homes under the ‘Mahindra Happinest®’ brand, and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands. Mahindra Lifespaces is committed to sustainability, with all projects certified environment friendly and actively working towards carbon neutrality by 2040. The Company has received over 80 awards for its projects and ESG initiatives.
Learn more about Mahindra Lifespaces at Mahindra Lifespaces.
Also read | Mahindra Group placed an order worth 1 billion USD with Valeo Group for sourcing EV engines