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New phase spread across 42 acres with focus on Engineering, Automotive, Logistics, Electronics & Pharma companies

Chennai, September 02, 2016: 
Mahindra World City Chennai (MWC Chennai), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Tamil Nadu Industrial Development Corporation (TIDCO), has announced the launch of a new phase in its industrial zone. Comprising 42 acres of industrial land, the new phase is located in the Domestic Tariff Area (DTA) at MWC Chennai and has already received enquiries from companies interested in setting up operations at the integrated business city. The DTA is a business destination of choice for more than 35 leading global and Indian companies (29 operational) who have successfully leveraged the world class infrastructure, strategic location advantages and access to a skilled workforce that MWC Chennai provides, to cater to a growing domestic market.

Mr. Vivek Sharma, Business Head – Mahindra World City, Chennai,said, “As India’s first sustainable, integrated business city developed as a public-private partnership, Mahindra World City, Chennai embodies progressive economic and social development in harmony with local communities and the environment. As we embark upon the development of a new phase of our business zone, we look forward to strengthening our partnerships with all our stakeholders, including TIDCO, our customers and surrounding communities, in driving MWC Chennai’s growth journey.”

Added Mr. Mahijeet Mishra, Managing Director, Armstrong International India, “Armstrong officially inaugurated its first plant in India at Mahindra World City, Chennai, in 2009. When the production site was being selected, MWC Chennai was the ideal choice on account of its excellent infrastructure, proximity to the international airport and the ocean port, accessibility via a well-developed road network, abundant availability of skilled manpower and, most importantly, a detailed roadmap for sustainable growth in the long term.”

Established in 2002, the idea of Mahindra World City as an integrated business city that drives a balance between the 3’L’s - Livelihood, Living and Life - emerged from a changing global order at the time of its inception, and the resulting felt need for sustainable development of India’s urban infrastructure. Today, MWC Chennai has to 60+ Indian and transnational companies located across 3 sector-specific SEZs (IT, Auto Ancillaries, and Apparel & Fashion accessories) and the aforementioned DTA. MWC Chennai has played a pivotal role in the development of the NH 32 corridor by introducing a multitude of wealth creation opportunities across stakeholder communities. MWC Chennai has created direct employment for 38000 persons till date and has generated exports worth Rs 43,000 crores since 2005-06.

MWC Chennai is home to companies such as BASF Catalysts, BMW India, Capgemini, Force Motors, Fujitec India, Infosys, Lear Corporation, Mahindra & Mahindra, NCR, Renault-Nissan, Timken India and TVS Group, among others. The City is currently at a stage of amplification of its social and retail infrastructure, with various citizen partnership initiatives in place to mutually design and drive its development journey.

Over 800 families currently live in MWC Chennai across 4 multi-format residential projects; this buzzing community is expected to grow to 6000+ residents once the development of residential infrastructure is fully completed. MWC Chennai’s social infrastructure includes Holiday Inn Express (a 140 room business hotel); Jeevan Hospitals; MWC Club, a sports/leisure/lifestyle destination for families and business travelers; the CBSE-affiliated Mahindra World School; a retail/commercial centre with facilities such as a food court, book store, florist, medical centre, banks with ATMs and a supermarket; and a recently launched hostel for single working professionals. A multiplex with SPI cinemas is currently underway.

Mahindra World City Developers Limited has also announced a 300-acre industrial park in North Chennai (the NH5 corridor), to be set up in a joint venture with Sumitomo Corporation of Japan.

Corporate Comm India(CCI Newswire)

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