Mahindra group’s realty firm Mahindra Lifespace Developers has announced its foray in Gujarat and will develop a 350-acre industrial park near Ahmedabad that could entail an investment of Rs 3,000 crore from the company.
The company has signed an MoU with the Gujarat government in this regard and the proposed industrial park is expected to create direct and indirect employment for about 12,000 persons, when fully operational, Mahindra Lifespace said in a statement.
“The proposed new industrial park marks the Mahindra Lifespace foray into Gujarat and is being planned to cater to non-polluting industries,” it said.
The company added that the estimated total investment will be Rs 3,000 crore. The proposed multi-product industrial park will be developed under the aegis of Gujarat Industrial Policy 2015.