News Point: First two projects in North Chennai and Ahmedabad, with an estimated investment of INR 600 crores.
Mahindra Lifespace Developers has introduced, its new brand of industrial clusters located across India. ‘ORIGINS by Mahindra World City’ envisions accelerated economic growth via world-class industrial ecosystems that will attract investment in manufacturing, and promote ‘Make in India’.
These developments will address the growing need for sustainable industrial infrastructure to provide impetus to India’s rising prowess as a global manufacturing and investment destination.
The first project is coming up in North Chennai with a Phase 1 development of 264 acres, a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan.
The second project is located near Ahmedabad, with a Phase 1 development of 268 acres, and is being developed along with International Finance Corporation (IFC) as a strategic partner.
Together, these industrial clusters are expected to create direct employment for around 20000 persons and will target companies across the engineering, medical equipment, food processing and logistics sectors, amongst others.
Arun Nanda, Chairman, Mahindra Lifespace Developers Ltd., said, “With India expected to emerge among the top five manufacturing countries globally, sustainable and future-ready business ecosystems will act as a gamechanger for inclusive growth, job creation and productivity enhancement. ORIGINS by Mahindra World City embodies the Mahindra Group’s vision to create world-class urban infrastructure in India.”
ORIGINS by Mahindra World City comprises industrial clusters of international standards, spanning 250 – 600 acres, and located in high growth corridors across India.
These industrial clusters will enable faster go-to-market for both domestic and global companies by way of clear land titles; plug-and-play infrastructure; in-house expertise in operations and security; and a range of business support services such as warehousing, logistics, banks, food courts, etc. Customers will benefit from a hassle-free environment and value-added services such as fulfilment centres, industrial kitchens and industrial waste management.
Moreover, the presence of world-class companies, co-located with supporting commercial and residential developments, and skill development centres will serve to attract talent.
In line with Mahindra Lifespaces’ focus on sustainable urban development, they will also incorporate environment-friendly, smart elements; these encompass solutions in the areas of water and waste management, energy efficiency, security, etc.
Anita Arjundas, Managing Director, Mahindra Lifespace Developers Ltd., added, “ORIGINS by Mahindra World City is born out of our vision to develop a pan-India network of robust manufacturing ecosystems, where businesses can thrive. These industrial clusters will support the shift towards development beyond current urban centres, while making available a holistic environment conducive to accelerated business growth.”
These industrial clusters take forward the Mahindra World City vision in India. Built on the ethos of ‘Livelihood, Living and Life’, the pioneering Mahindra World City developments in Chennai and Jaipur together span nearly 4500 acres; house 150 global and domestic companies that have created direct employment for over 45,000 persons; have generated exports exceeding USD 1.75 billion annually; and boost the economic and social development of neighbouring towns and villages.