Mahindra Lifespaces and Sumitomo Corporation Expand Industrial Parks in Tamil Nadu

Date:

Share post:

Mahindra Lifespaces and Sumitomo Corporation Expand Industrial Parks in Tamil Nadu

Second phase of "Origins by Mahindra" to boost industrial growth with ₹225 crore investment

Mahindra Lifespaces Developers Ltd. (MLDL), the real estate arm of the Mahindra Group, has announced the second phase of its industrial parks project in Tamil Nadu. The project, branded as Origins by Mahindra, is a collaboration with Japan’s Sumitomo Corporation.

The expansion involves an investment of ₹225 crores by Mahindra World City Developers Ltd. (MWCDL) and Sumitomo Corporation. This phase will focus on acquiring land and developing infrastructure to create a cutting-edge industrial ecosystem.

Also read | Hyundai to Establish Two Renewable Energy Plants in Tamil Nadu

Amit Kumar Sinha, MD & CEO of MLDL, emphasized their commitment to creating industrial clusters that support economic growth and sustainable progress. The existing 307-acre Mahindra Industrial Park Chennai Limited (MIPCL) already hosts global and domestic businesses, contributing to regional development.

This partnership reflects both companies’ dedication to enhancing industrial and economic opportunities in Tamil Nadu.

Advertisementspot_img

Related articles

Bartronics India Joins Hands with Singapore’s PTW Group to Transform Semiconductor Industry

Bartronics India Ltd., a leading fintech and technology solutions provider, has signed a Memorandum of Understanding (MoU) with...

BHEL Commissions Units of Punatsangchhu-II Hydroelectric Project in Bhutan

BHEL Commissions Unit-1 & 2 of Punatsangchhu-II Hydro Project New Delhi, January 8: Bharat Heavy Electricals Limited (BHEL) has...

Vande Bharat Sleeper Trains: A High-Speed Revolution for Long-Distance Travel

Vande Bharat Sleeper Trains to Redefine Long-Distance Rail Travel in India The New Year ushers in a high-speed revolution...

VPRPL Wins Bid for Major Bypass Project in Rajasthan

Jodhpur, January 2, 2025 – Vishnu Prakash R Punglia Limited (VPRPL) has been awarded the prestigious Mandal Bypass...