Mahindra World Signs MoU with TN Government to Invest Rs.1,000 Crores

Mahindra World City Developers Limited (MWCDL) has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest over Rs 1,000 crore over the next five years. This is expected to generate employment for more than 2,000 people in Tamil Nadu. This comes alongside the launch of Origins by Mahindra – Phase II at Eliambedu village in Chennai, which will be the platform for this investment.

“As we expand our footprint with Origins by Mahindra Phase - II, the Integrated Cities and Industrial Clusters (IC & IC) vertical of Mahindra Lifespaces continues accelerating business efficiency and improving go-to-market with plug-and-play infrastructure. Tamil Nadu’s distinguished business environment further enhances our confidence in expanding our operations here,” said Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Limited.

The company has already marked its presence in the district with the successful first phase. Spanning 307 acres, Origins by Mahindra has become a preferred industrial hub for renowned Japanese and Taiwanese enterprises.

“Our commitment to sustainable development and world-class infrastructure also aligns seamlessly with the Indian Government's 'Make in India' program and India's ambitious growth plan. By creating vibrant and integrated industrial ecosystems, we provide the ideal platform for businesses to thrive, innovate, and contribute significantly to the nation's economic growth,” he said.