Mahindra Lifespace Developers’ subsidiary -- Mahindra World City Developers (MWCDL) has inaugurated ORIGINS, Industrial Cluster on the NH16 corridor near Ponneri, Chennai. ORIGINS has been developed in a 60:40 joint venture between Mahindra World City Developers (MWCDL) and Sumitomo Corporation. Mahindra World City Developers and Sumitomo Corporation have together committed to invest approximately Rs 1000 crore in developing ORIGINS, Chennai, which is expected to create direct employment for about 7000 persons when fully operational.
Phase 1 of ORIGINS spans around 300 acres and is ready for business with all approvals in place. ORIGINS will enable faster go-to-market for businesses via world-class plug-and-play infrastructure, strategic location advantages and a range of value-added services. The target customer base for ORIGINS comprises companies in the engineering, food processing, automotive, logistics and aerospace sectors, among others.
Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.
