Mahindra Lifespace Developers Limited recently inaugurated the first phase of ‘ORIGINS’, by Mahindra World City (MWC), Chennai, located on the NH-16, near Ponneri. The industrial cluster has been developed in a 60:40 joint venture between Mahindra World City Developers Limited, a subsidiary of Mahindra Lifespace Developers Limited and Sumitomo Corporation, Japan.
Mahindra World City Developers Limited and Sumitomo Corporation have together committed to invest Rs. 1,000 crore in developing ORIGINS, which is expected to create direct employment for about 7,000 persons, when fully operational. Phase 1 of ORIGINS, Chennai, spans 300 acres and is ready for business with all approvals in place. The industrial cluster focuses on attracting large and medium global corporates across engineering, food processing, automotive, logistics and aerospace among others.
Sangeeta Prasad, MD and CEO, Mahindra Lifespace Developers Ltd., said, “It is gratifying to see our vision of a future-focused and sustainable industrial cluster come to life. ORIGINS, Chennai provides a holistic business ecosystem designed to create employment opportunities and drive long-term socioeconomic growth supporting the Make in India vision.”
ORIGINS, Chennai will enable faster go-to-market for