Gandhinagar: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the US $ 17.8 billion Mahindra Group, today announced that it has signed an MoU with the Government of Gujarat, through a 100% subsidiary, to establish a 350-acre (approx.), multi-product industrial park near Ahmedabad with a total investment or Rs 3000 crores.

Anita Arjundas, Managing Director, Mahindra Lifespace Developers Ltd., said that the proposed new industrial park marks Mahindra Lifespaces’ foray into Gujarat and is being planned to cater to non-polluting industries. It is expected to create direct and indirect employment for about 12,000 persons, when fully operational.

“With a visionary government at the helm, Gujarat has over the years emerged as a future-focused and sought after industrial destination with a strong focus on sustainable development and inclusive growth. Mahindra Lifespaces is delighted to make its entry into Gujarat with the establishment of a multi-product industrial park that will offer business infrastructure and attract more manufacturing investment into the state,’ she said.

Mahindra Lifespaces has pioneered the development of sustainable, integrated business cities – Mahindra World Cities – in partnership with state governments in India. Based on the philosophy of ‘Livelihood, Living and Life’, the Mahindra World City (MWC) developments in Chennai and Jaipur span over 4,000 acres and have emerged as business destinations of choice for more than 130 reputed Indian and transnational companies, who have set up operations in these Cities to cater to both Indian and global markets.

Moreover, both MWC Chennai and MWC Jaipur have been developed on ‘green’ or environment-friendly principles. Mahindra World City, Chennai is an Indian Green Building Council (IGBC) Stage I Certified (with a Gold rating) integrated business city. Mahindra World City, Jaipur is Asia’s first city (and the world’s largest) to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group (C40), a global network of large cities taking action to address climate change, She said.

DeshGujarat