Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers and Japan's Sumitomo Corporation, today announced the signing of Japan's Yanmar Group as its anchor customer at Mahindra World City, Chennai.
Yanmar Group, an over 100-year-old business group, will establish a diesel engine manufacturing facility in Chennai, to cater to original equipment manufacturers (OEM) in the Indian construction and agriculture sectors. The facility is expected to be operational by 2020.
The Mahindra World City comprises industrial clusters of international standards, spanning between 250 to 600 acres and are located in high growth corridors across India. Located on NH16, Phase 1 of Origins by Mahindra World City, Chennai spans 264 acres and is currently at advanced stages of development, with all approvals in place. The project is expected to generate direct employment for 7,000 people, when fully completed.
Sangeeta Prasad, MD and CEO, Mahindra Lifespace Developers, said, “We are delighted to welcome Yanmar one of Japan’s most respected companies and a global leader in diesel engine manufacturing, to Origins by Mahindra World City, North Chennai. We remain committed in our endeavour to create efficient industrial ecosystems which enable employment and investment.”
Hajime Hirai, director and general manager, Yanmar Engine Manufacturing India, said, “India is a high-potential growth market for the Yanmar Group and for our first manufacturing facility in the country, we were seeking an ideal blend of modern infrastructure, strategic connectivity and supporting social amenities. The self-sufficient ecosystem at Origins, Chennai will help us rapidly scale our operations and attract the right talent. Yanmar is proud to be the first partner for the Origins growth story in India.”
Yasushi Fukuda, executive officer and general manager, Logistics Infrastructure Business Division, Sumitomo Corporation, “Tamil Nadu is one of the most preferred destinations for Japanese investment in India and the presence of Origins by Mahindra World City, Chennai will strengthen the state’s attractiveness as an innovation and manufacturing hub. Yanmar Group’s presence here will accelerate job creation opportunities and local community development.”