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Sumitomo Corporation expanding Phase 2 of Origins Chennai Industrial Park in India
Infrastructure - Dec 18,2024 -Sumitomo Corporation and Mahindra World City Developers Private Limited are jointly operating Origins Chennai Industrial Park near Chennai, Tamil Nadu, India.
Following the first phase (approximately 124 hectares), the park will expand the development site by approximately 57 hectares in the second phase, with sales to begin in 2025.
The industrial park is located 37 kilometers (approximately an hour's drive) north of the center of Chennai, the capital of Tamil Nadu state in southern India, along National Highway 16.
With support from both the Japanese and Indian governments, nearby and on-site substations, as well as access roads to the national highway, have been developed, providing an industrial park with an environment in which tenant companies can operate with peace of mind.
Since the first phase of sales began in 2017, 15 companies (including six Japanese companies) have now moved in, and the decision has been made to develop the second phase to secure more sales plots, with sales to begin in 2025.
As more than 20 companies have already expressed interest in the expanded area, far exceeding the area available for sale, the company is considering further development of a similar scale in parallel with the expansion, aiming to expand the development area to a total of approximately 250 hectares in the future.
Speaking at the contract signing ceremony for the expansion, Amit, member of the Mahindra Group Executive Board and CEO of MWC, said, "We have built a great partnership with Sumitomo Corporation, and we would like to continue to maintain and improve this partnership while working to further expand this business."
Company : Sumitomo CorporationMahindra World City Developers Private
Mahindra Group
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