&w=3840&q=100)
Mahindra Industrial Park, Sumitomo Corp sign strategic deal with Osaka govt
This milestone partnership reinforces Mahindra's commitment to facilitating high-quality global investment into India's manufacturing sector and positions Tamil Nadu as a preferred destination for Japanese industry.
Through this agreement, MIPCL and Sumitomo Corporation will work closely with public institutions to serve as local facilitators for Osaka-based companies exploring opportunities in India. As part of the collaboration, MIPCL and Sumitomo Corporation will support business visits, provide on-ground consultation, and participate in knowledge-sharing seminars hosted in Osaka. The Osaka authorities, in turn, will identify and recommend companies interested in expanding into India, ensuring necessary permissions are in place to facilitate a streamlined entry process for Japanese manufacturers.
India, with its projected GDP growth of 6.3 per cent in FY2025 as forecast by the World Bank, remains a powerful draw for international business. As a rising leader in the Global South, India is increasingly seen as a long-term partner for global supply chains. Chennai, in particular, has become a hub of industrial activity due to its strong port connectivity, ease of access to Southeast Asia, and growing presence of automotive, electronics, and semiconductor companies. Origins by Mahindra, Chennai, already hosts six Japanese clients and offers world-class infrastructure and a stable policy environment.
The collaboration in Chennai will further strengthen these efforts by enabling tailored support for businesses evaluating the Indian market. MIPCL, backed by Mahindra Lifespaces' deep knowledge of Indian industry, will play a key role in helping Japanese firms navigate regulatory frameworks, secure land and utilities, and scale up operations with confidence.
Amit Kumar Sinha, Managing Director and Chief Executive Officer, Mahindra Lifespace Developers Ltd., said, 'This partnership reflects our vision to build future-ready ecosystems that align with India's manufacturing ambitions. It also underscores our focus on setting new benchmarks through successful Public-Private Partnerships (PPPs), enabling long-term, sustainable industrial progress. The expansion strengthens India's industrial ecosystem and supports economic growth.'
Vikram Goel, Chief Business Officer (Industrial), Mahindra Lifespace Developers Ltd., said, 'This engagement with Osaka Prefecture marks a milestone in our efforts to enable global investments into India through our industrial ecosystems. Origins by Mahindra, Chennai, has been developed to meet the needs of international manufacturers, offering operational readiness, regulatory support, and integrated infrastructure. Through this collaboration, we are well-positioned to support the specific requirements of diverse companies while also deepening the socio-economic impact of our industrial cluster in Tamil Nadu.'
The agreement underlines the spirit of cooperation and mutual interest shared by all parties. By aligning strategic intent with operational expertise, this partnership marks a new chapter in Mahindra's efforts to attract and enable world-class manufacturing in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
29 minutes ago
- Business Standard
Now Delivering Comfort at Blink Speed - VIP Clothing Limited Collaborates with Blinkit
VMPL Mumbai (Maharashtra) [India], July 22: India's leading innerwear brand, VIP Clothing Limited, is leaving no stone unturned to transform innerwear accessibility and convenience for Indian consumers. VIP Clothing Limited has now partnered with Eternal Limited's Blinkit to launch its flagship sub-brands, VIP and Frenchie, on the quick-commerce platform. According to the reports, the launch will go live in Karnataka and NCR first, followed by Gujarat, West Bengal, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh in the coming days. VIP Clothing Limited's latest partnership marks yet another strategic milestone for the innerwear brand. Recently, VIP Clothing Limited collaborated with Swiggy Instamart and Zepto and made VIP and Frenchie ranges available to Indians within minutes across India. Now, the addition of Blinkit to their Q-commerce portfolio will not only further integrate quality innerwear into consumers' daily lifestyle needs but also strengthen VIP Clothing Limited as the Q-commerce innerwear brand! Kanishk Pathare, Head - D2C, VIP Clothing Limited., expressed his views on the Blinkit partnership. Pathare said, ""For us at VIP, it's all about meeting our consumers where they live, work, and shop - and doing it at lightning speed! Teaming up with Blinkit isn't just a partnership; it's a supercharger for our D2C game, making sure our VIP and Frenchie styles are literally just minutes away. This is how we're reshaping innerwear retail, keeping it fresh, relevant, and totally in sync with how India wants to shop today!" "The future is all about understanding consumer needs and meeting them where they need the brand to be.", added Kapil Pathare, Deputy Managing Director at VIP Clothing Limited. Talking about the expansion plans, he said, "2025 has been the year of scaling operations for us. We've partnered with e-commerce platforms and quick-commerce platforms while exploring newer physical retail stores and markets. This is only the beginning. Our current strategies and future plans will ensure our availability to our consumers in every possible way." VIP Clothing Limited's collaboration with multiple Q-commerce platforms is nothing short of a retail innerwear revolution. The brand's progressive ways of ensuring consumer access to trusted premium innerwear with unmatched convenience are bound to enhance Indian innerwear purchase habits and fortify VIP Clothing Limited's vision of being a holistic wardrobe brand. About VIP Clothing Limited.: VIP Clothing Limited has been a pioneer in the fashion industry for over 54 years and is known for its commitment to quality and customer satisfaction. With a diverse portfolio of brands, VIP Clothing Limited continues to innovate and set trends in the apparel market. To know more, visit: (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
NDTV
38 minutes ago
- NDTV
Indian Cities Will Need Over $2.4 Trillion By 2050 To Tackle Climate Risk: Report
New Delhi: Indian cities are becoming increasingly more vulnerable to floods, heatwaves, and other climate-related risks and will require over 2.4 trillion US dollars in investments by 2050 to build resilient and low-carbon infrastructure, according to a World Bank report released on Tuesday. The report notes that Indian cities hold tremendous potential as centres of economic growth, with 70 per cent of new jobs coming from cities by 2030. "However, timely action is needed for cities to deal with impacts from extreme weather events and avert billions of dollars in future losses," the report 'Towards Resilient and Prosperous Cities in India' states. The report, prepared in partnership with the Ministry of Housing and Urban Affairs, stated that "Annual economic losses from rain-related flooding are currently estimated at 4 billion dollars. These are projected to rise to five billion dollars by 2030 and between 14 and 30 billion dollars by 2070 if no remedial action is taken." According to the report, much of the urban expansion is occurring in "flood-prone and heat-vulnerable areas." The report identifies Delhi, Chennai, Surat and Lucknow among cities most exposed to urban heat island effects and flood risks, particularly due to settlement expansion into vulnerable areas. "In Delhi, the report highlights risks linked to rising temperatures and urban flooding. Heat stress is also expected to intensify. Between 1983 and 2016, exposure to dangerous heat levels increased by 71 percent in India's 10 largest cities, rising from 4.3 billion to 10.1 billion person-hours per year," the report added. The report raised concerns about heat-related deaths. "If emissions continue at current levels, annual heat-related deaths may rise from 1,44,000 to more than 3,28,000 by 2050. Around 20 percent of working hours in major Indian cities could be lost due to high heat stress conditions," it says. Heat mitigation alone could increase India's Gross Domestic Product by up to 0.4 per cent and save up to 130,000 lives annually by 2050, the report states. According to the report, the country's urban projected population will be around 1.1 billion by 2070. "More than 144 million new urban homes will be required, doubling the current housing stock," the report states. To offset these risks, the World Bank estimates that India will need to invest 2.4 trillion dollars by 2050 and 10.9 trillion dollars by 2070 across sectors such as housing, public transport, solid waste management, and municipal services. "However, India currently spent around 10.6 billion dollars per year from 2011 to 2018. India's current spending on urban infrastructure and services is -0.70 per cent of GDP, which is much lower than other countries and must be substantially increased", the report states. "This is both a challenge and an opportunity," said Auguste Tano Kouame, World Bank Country Director for India. Without timely action, climate risks such as flooding and extreme heat will become much more severe, Kouame added. The report states that public financing alone will not be sufficient to meet this demand. It calls for increased private sector investment through tools such as green bonds, blended finance, and access to international climate funds. The report recommends strengthening the financial autonomy of urban local bodies and improving their capacity to plan and implement bankable projects. "India's urban population stood at 480 million in 2020 and is projected to reach 951 million by 2050 and over 1.1 billion by 2070. According to the report, an estimated investment of 150 billion dollars over 15 years could enable 60 per cent of existing Indian cities to implement flood mitigation measures. The report was supported by the Global Facility for Disaster Reduction and Recovery, a multi-donor trust fund that helps countries strengthen disaster and climate resilience.
Time of India
39 minutes ago
- Time of India
Meet Sudarshan Gopaladesikan: Indian-origin performance analyst who went from working for Infosys to joining Premier League giant Newcastle United
Newcastle United have made an interesting backroom addition with Sudarshan Gopaladesikan joining as Technical Director (Support Services). The Indian-origin expert brings years of experience in elite sports performance. His role will focus on improving player fitness, recovery, and preparation, areas that have become crucial in modern football's demanding calendar. A remarkable journey across sports Sudarshan started his career with an Infosys internship before moving to the US for a PhD in biokinesiology and physical therapy at the University of Southern California. He specialised in human movement and injury prevention. His first big break came with Major League Baseball side Los Angeles Dodgers. We have appointed Sudarshan Gopaladesikan as our new Technical Director 🤝Sudarshan joins after leaving Atalanta, where he was Director of Football Intelligence, and will lead football data operations for our men's, women's and Academy to Newcastle United, Suds! After his MLB stint, he joined the English Institute of Sport, working with Olympic athletes. That paved his path into football, first with Manchester City's City Football Group as Lead Data Scientist, focusing on player performance and injury analytics. Later, he became Head of Sports Science and Data at Chelsea. From Infosys to Premier League: Joining Newcastle United at 36 Sudarshan Gopaladesikan, now 36, is Newcastle's latest recruit in their push to strengthen off-pitch operations. Club CEO Darren Eales praised him as an 'innovative, forward-thinking leader' with a proven track record across multiple sports. His appointment also adds rare Indian representation in Premier League technical teams. So proud that someone of Indian origin is doing something massive in football. Sudarshan worked in Bengaluru for a while earlier in his life and he is such a role model for those in India who want to make it to the big leagues in football. Gopaladesikan expressed excitement at joining a club with 'a unique connection between the team, city, and fans.' He won't be involved in transfers but will be key in ensuring players stay fit and ready to compete at the highest level. Newcastle's long-term vision just got a significant boost with his expertise.
