NEW DELHI: The Mahindra Group companies are looking for cooperation and integrated synergies among themselves for the development of industrial parks and infrastructure.
Group companies including Mahindra Lifespace Developers Ltd, Mahindra Logistics Ltd and Tech Mahindra Ltd are considering collaborating for the integrated development of industrial parks and related infrastructure, according to an executive at the $19 billion conglomerate.
“In such a model you have an integrated game where Mahindra Lifespace comes in as the developer and makes sure the cluster is there, the parks (industry) are there. We run it like a build to suit and everything within the build to suit is then run by Mahindra Logistics, they do the inventory management, the back and forth of all the logistics that is in place,” said Rajaram Pai, Chief Business Officer, Industrial at Mahindra Lifespace Developers Ltd.
Such an integrated model could also include other group companies such as Tech Mahindra Ltd, which could provide an integrated information technology platform, and Mahindra Susten, which provides renewable energy.
“An integrated Mahindra offering is definitely something we’re looking at very closely because that’s how we could actually leverage the Mahindra advantage of leveraging the Mahindra Group’s platform that spans multiple sectors,” Pai said, highlighting that such an integrated offer from Mahindra Group companies has not yet been fully specified.
“We haven’t fleshed anything out yet, but what we’re offering to companies is that it could be an integrated game of multiple Mahindra companies…” Pai said.
Under the current scheme of things, Mahindra Lifespace Developers is tasked with real estate and infrastructure development such as integrated cities and industrial clusters within the group.
“..We get a lot of inquiries from different states, you know, to say we have different lot sizes available, would you be interested, all these inquiries are coming. We’re looking at that with great intent to see if there are certain sectors that could attract us,” Pai said.
The Company carries out infrastructure development under the Mahindra World City brand, which focuses on the integrated development of commercial and residential infrastructure, while it focuses on the development of industrial clusters under the ORIGINS brand.
Mahindra World City, Chennai, established in 2002 by Mahindra Lifespace Developers, is the country’s first integrated industrial city developed through a public-private partnership with Tamil Nadu Industrial Development Corporation, while Mahindra World City, Jaipur, a joint venture with Rajasthan State Industrial Development and Investment is a group.
The integrated cities and industrial clusters developed by the company are home to prominent multinational companies such as BMW, Fujitec, JCB, Deutsche Bank Group, Yanmar Group and Nikkei Electric.