Mahindra Lifespace, Actis Partner to Develop Chennai Industrial Park

06 Aug 2024 CW Team

Mahindra Lifespace Developers and Actis have established a joint venture platform called 'Ample Parks' to focus on the development of industrial and logistics parks, with their first project covering 70 acre in Chennai. According to a company statement, Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespace have officially launched Ample Parks, which is an Indian industrial and logistics real estate developer and operator.

The joint venture, Ample Parks, plans to acquire and develop approximately 1.5 million square metres of greenfield and brownfield sites in key Indian markets over the next few years. Its goal is to become a leading provider of industrial and logistics real estate solutions for both global and local corporations.

Actis holds the majority stake in the joint venture, while Mahindra Lifespace holds a significant minority stake. The platform is supported by an experienced management team, with Akash Rastogi appointed as Chief Executive Officer.

The venture has completed its initial acquisition of a prime 70-acre industrial land parcel within Mahindra World City in Chennai, where it plans to develop an integrated industrial and logistics park featuring institutional-grade buildings. Amit Sinha, Managing Director and Chief Executive Officer at Mahindra Lifespace, remarked that the launch of Ample Parks represents a major milestone in their commitment to developing sustainable and world-class industrial infrastructure in India.

Mahindra Lifespace's development portfolio includes 37.95 million square feet of completed, on-going, and forthcoming residential projects across seven Indian cities, as well as over 5,000 acre of on-going and upcoming projects under development or management in its integrated developments and industrial clusters across four locations.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..