Mahindra, Sumitomo Tie Up with Osaka Govt to Aid Japanese Investment in India
ECONOMY & POLICY

Mahindra, Sumitomo Tie Up with Osaka Govt to Aid Japanese Investment in India

Mahindra Industrial Park Chennai (MIPCL) and Sumitomo Corporation have signed a strategic cooperation agreement with the Osaka Prefecture and the Osaka Industrial Development Bureau to support Osaka-based companies entering India. The partnership is aimed at streamlining the entry of Japanese manufacturers and reinforcing Tamil Nadu’s position as a preferred industrial destination. 

As part of the collaboration, MIPCL and Sumitomo will facilitate business visits, consultations, and seminars in Osaka. In return, Osaka authorities will identify and recommend companies seeking to expand into India. 

The Origins by Mahindra industrial cluster in Chennai currently houses six Japanese clients and offers world-class infrastructure and a stable policy framework. Backed by Mahindra Lifespaces, MIPCL will help Japanese firms with regulatory navigation, land access, and operations. 

Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said the partnership aligns with India’s manufacturing ambitions and showcases effective PPP models. Vikram Goel, CBO (Industrial), added that this marks a key milestone in attracting global investments via integrated ecosystems. 

Mahindra Industrial Park Chennai (MIPCL) and Sumitomo Corporation have signed a strategic cooperation agreement with the Osaka Prefecture and the Osaka Industrial Development Bureau to support Osaka-based companies entering India. The partnership is aimed at streamlining the entry of Japanese manufacturers and reinforcing Tamil Nadu’s position as a preferred industrial destination. As part of the collaboration, MIPCL and Sumitomo will facilitate business visits, consultations, and seminars in Osaka. In return, Osaka authorities will identify and recommend companies seeking to expand into India. The Origins by Mahindra industrial cluster in Chennai currently houses six Japanese clients and offers world-class infrastructure and a stable policy framework. Backed by Mahindra Lifespaces, MIPCL will help Japanese firms with regulatory navigation, land access, and operations. Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said the partnership aligns with India’s manufacturing ambitions and showcases effective PPP models. Vikram Goel, CBO (Industrial), added that this marks a key milestone in attracting global investments via integrated ecosystems. 

Next Story
Infrastructure Urban

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Next Story
Infrastructure Urban

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Next Story
Building Material

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?