Mahindra Lifespace Developers Limited (‘MLDL’) announced the inauguration of ORIGINS by Mahindra World City, Chennai located on the NH16 growth corridor near Ponneri. ORIGINS, Chennai has been developed in a joint venture of 60:40 share between Mahindra World City Developers Limited (‘MWCDL’), which is a subsidiary of Mahindra Lifespace Developers Limited, in collaboration with Sumitomo Corporation. Mahindra World City Developers Limited and Sumitomo Corporation have together promised to invest approximately Rs. 1000 Cr. in developing ORIGINS, Chennai, which is expected to generate direct employment for about 7000 – 8000 persons once it is fully operational.
Phase 1 of ORIGINS, Chennai spans around 300 acres and is ready for business with all approvals in place. Chennai can enhance the State’s attractiveness as an innovation and manufacturing hub. ORIGINS, Chennai will enable faster go-to-market for businesses via world-class plug-and-play infrastructure, strategic location rewards and an array of value-added services. The target customer base for ORIGINS, Chennai comprises companies in the engineering, food processing, automotive, logistics and aerospace sectors, among others.
Yanmar Group, a leading Japanese an over 100-year-old manufacturer of diesel engines and Nissei Electric for marine applications has committed to invest ₹500 crore over a period of time in the industrial cluster.
Japanese business company is a trader of optical fiber products and electrical components, are both establishing their first manufacturing facilities in India at ORIGINS, Chennai.
Mahindra Lifespace Developers has planned to develop industrial clusters under the brand ORIGINS across the country. Chennai is the first one to go stream and it is developing one near Ahmedabad.