Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure arm of the Mahindra Group, has launched the second phase of its Industrial Parks project in Tamil Nadu under the brand “Origins by Mahindra”. The project, developed in partnership with Sumitomo Corporation, Japan, is set to significantly boost industrial growth in the region.
The expansion builds on the Joint Venture Agreement signed in 2015, with the partnership being further solidified today through a Supplemental Agreement. This new phase involves an investment of approximately ₹225 crores from both Mahindra World City Developers Limited (MWCDL) and Sumitomo Corporation, Japan, in Mahindra Industrial Park Chennai Limited (MIPCL). The investment will focus on acquiring land and developing critical infrastructure to create a state-of-the-art industrial ecosystem.
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., expressed pride in their efforts to create industrial clusters that drive economic growth. He emphasized the importance of the partnership with Sumitomo Corporation in fostering sustainable industrial development.
MIPCL, which currently spans over 307 acres, hosts both global and domestic companies, offering world-class infrastructure and supporting the region’s industrial and economic growth. The project is set to play a key role in enhancing Tamil Nadu’s position as a major industrial hub.
