Mahindra Lifespaces proposes industrial park near Ahmedabad

Mahindra Lifespaces proposes industrial park near Ahmedabad

Mahindra Lifespace Developers Limited (MLDL) on Thursday signed a memorandum of understanding (MoU) with the Gujarat government to establish a multi-product industrial park, spread over 350 acres, in Ahmedabad. The real estate and infrastructure development arm of Mahindra Group envisages an investment Rs 3,000 crore by the company and its customers.

To be developed under the Gujarat Industrial Policy 2015, the proposed industrial park is expected to create direct and indirect employment for about 12,000 people when fully operational. “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. The industrial park will offer business infrastructure and attract more manufacturing investment to the state,” said Anita Arjundas, managing director, Mahindra Lifespace Developers. Read More…

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