About 10 delegations from various companies in Korea are looking at investment in India.In this regard, Korean Investment Delegation visited Mahindra World City (MWC), Chennai, of Mahindra Lifespaces Developers Ltd.
The Korean delegation includes representatives of SHTECH CO.LTD, SENSORTEC, LATTRON Co., NEXTCHIP, amongst other companies, and consists mainly of auto component makers considering investments in India.
This visit was the second of its kind by a Korean delegation to India, and was arranged by the Indian Chamber of Commerce in Korea (ICCK), with support from Mahindra World City, Mahindra Korea and the government of Tamil Nadu.
“The Mahindra World City developments in Chennai and Jaipur are already a destination of choice for more than 135 global and domestic companies, and provide an enabling ecosystem for accelerated business growth in India,” said Sangeeta Prasad, Chief Executive Officer, Integrated Cities and Industrial Clusters, Mahindra Lifespace Developers Limited.
Mahindra World City has been developed as an integrated business city and is the first of its kind in India. The Mahindra World City (MWC) developments in Chennai and Jaipur comprise large-format integrated cities that have been planned to be self-contained, with co-located industrial, residential and commercial infrastructure.
The Mahindra World City concept is synonymous with sustainable urban development; both the Mahindra World Cities have been developed on environment-friendly principles and serve to drive community growth and economic development. MWC Chennai is India’s first IGBC (Indian Green Building Council) Gold certified Green Township and home to corporate India’s first operational SEZ. Mahindra World City, Jaipur is the first project in Asia to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group (C40), a global network of large cities acting to address climate change.
Mahindra Lifespace Developers Limited, through a joint venture between its subsidiary Mahindra World City Developers Limited and Sumitomo Corporation of Japan, is also setting up an approximately 264-acre industrial park in North Chennai. Additionally, earlier this year, Mahindra Lifespaces announced plans to establish a 350-acre (approx.), multi-product industrial park near Ahmedabad, in the Indian state of Gujarat..