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Mahindra Lifespaces launches its industrial clusters brand

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Capital Market

First two projects coming up in North Chennai and Ahmedabad at estimated cost of Rs 600 cr

Mahindra Lifespaces Developers 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 promoter 'Make in India'.

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 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 as a strategic partner.

 

Together these industrial clusters are expected to generate direct employment for around 20000 persons and will target companies across engineering, medical equipment, food processing and logistics sectors.

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First Published: Nov 07 2017 | 1:30 PM IST

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