Mahindra World City Developers (MWCDL) has signed an MoU with the Tamil Nadu government for investments of over Rs 1,000 crore in the next five years. This is expected to generate employment for more than 2,000 people. The move comes alongside the launch of Origins by Mahindra – phase -II at Eliambedu village in Chennai, which will be the platform for this investment.
Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said, “As we expand our footprint with Origins by Mahindra phase – II, the integrated cities and industrial clusters (IC & IC) vertical of Mahindra Lifespaces continues to accelerate business efficiency and improve go-to-market with plug and play infrastructure. “
Origins by Mahindra, Chennai situated along NH16, a part of the Golden Quadrilateral, and is in close proximity to the Chennai – Bangalore Industrial Corridor (CBIC) and Chennai – Vizag Industrial Corridor (CVIC) near Ponneri.
The company has already marked its presence in Chennai with the successful first phase. Spanning 307 acres, Origins by Mahindra has become a preferred industrial hub for renowned Japanese and Taiwanese enterprises.
Notable companies such as Yanmar Engine Manufacturing India, Nissei Electric India, USUI Susira International, Mitsubishi Electric, OMRON Healthcare, Track Designs India, INTJR Precision Technology, Autogrip Machinery India, Masano Seiki and Ashirvad Pipes have chosen this as their preferred location. Origins by Mahindra in Chennai is the first industrial cluster in Tamil Nadu to be awarded the IGBC Green Cities’ ‘Platinum’ rating.