Mahindra Lifespace and Actis Form JV for Chennai Logistics Park

06 Aug 2024 CW Team

Mahindra Lifespace Developers and Actis have announced a joint venture to develop a state-of-the-art industrial logistics park in Chennai. This collaboration aims to address the growing demand for high-quality logistics infrastructure in the region.

The new park will be strategically located to enhance connectivity and operational efficiency for businesses in the area. It is set to feature modern amenities, including advanced warehousing facilities, transportation infrastructure, and sustainable design elements.

This partnership marks a significant investment in Chennai?s industrial real estate sector, underscoring the region's growing importance as a logistics and manufacturing hub. The development is expected to attract major corporations and enhance the area's economic landscape.

Mahindra Lifespace, a leading player in the real estate sector, brings its expertise in sustainable development, while Actis, a prominent investor in emerging markets, adds its investment acumen and regional experience. Together, they aim to create a premier logistics facility that meets the evolving needs of the industry.

The project is anticipated to generate significant employment opportunities and contribute to the region?s economic growth. As the logistics and industrial sectors continue to expand, this joint venture represents a strategic move to support Chennai?s infrastructure development and economic advancement.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..