Mahindra World City to set up more integrated business cities
Aug 22, 2013
Source : The Hindu


CHENNAI: The success of the integrated business city model here has prompted Mahindra World City to look at more such projects.

Addressing media persons, Sangeeta Prasad, Chief Executive Officer, Integrated Cities & Industrial Clusters, Mahindra Lifespace Developers, said that over the next three years the company would launch at least two integrated business cities — a second facility to the north of Chennai and another in a different State where land acquisition is on at an undisclosed location. There are two Mahindra World City projects in operation now. While one is to the south of Chennai, near Chinglepet, the other is in Jaipur.

The Chennai facility with three SEZs for the IT, apparels and automotive industry and a Domestic Tariff Area is home to over 60 manufacturing units and accounted for exports of over Rs 6,000 crore in 2012-13. It employs over 33,000 people.

The focus here is now on strengthening the social infrastructure and residential facilities.

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