Mahindra Lifespace JV inks MOU with Tamil Nadu Gvt for Industrial Cluster

Mahindra Lifespace JV inks MOU with Tamil Nadu Gvt for Industrial Cluster

Mahindra Lifespace Expands Industrial Cluster in Chennai with Tamil Nadu Government MoU. Mahindra Lifespace Developers Ltd (MLDL), a joint venture between Mahindra Lifespace and the Tamil Nadu Industrial Development Corporation, signed a Memorandum of Understanding (MoU) with the Tamil Nadu government. This collaboration promises significant industrial development in the state.

Key Highlights:

• Investment: Over Rs. 1,000 crore in industrial cluster development planned over the next five years.
• Job Creation: Potential for approximately 2,000 new jobs in Tamil Nadu.
• Project: Origins by Mahindra Phase II at Eliambedu village, Chennai.

Mahindra Lifespace’s Role:

• Expansion of their successful Origins by Mahindra industrial cluster in Chennai.
• Development of Phase II with a focus on attracting companies seeking to establish manufacturing units.
• Commitment to sustainable development practices, attracting environmentally conscious industries.

Advantages of Origins by Mahindra, Chennai:

• Strategic location along National Highway 16 (Golden Quadrilateral)
• Excellent connectivity to key industrial corridors (Chennai-Bangalore & Chennai-Vizag)
• Proximity to major ports (Chennai, Ennore, Kattupalli)
• Plug-and-play infrastructure for enhanced business efficiency
• First industrial cluster in Tamil Nadu with IGBC Green Cities’ Platinum rating

Positive Statements:

• Amit Kumar Sinha, MD & CEO, MLDL: Emphasized Mahindra Lifespace’s commitment to sustainable development and contributing to India’s economic growth.
• Rajaram Pai, Chief Business Officer-Industrial, MLDL: Highlighted the success of Origins by Mahindra and their focus on attracting a diverse range of industries.

Overall Significance:

This MoU signifies a major step for industrial development in Tamil Nadu. The expansion of Origins by Mahindra, Chennai, with its focus on sustainability and infrastructure, is expected to attract new businesses, generate employment, and contribute to the state’s economic prosperity.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in