Expansion of Phase II at ORIGINS Chennai Industrial Park in India Brings Total Development Area to Approximately 220 Hectares
Japan, Aug. 7 -- Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has signed an agreement with Mahindra World City Developers Limited (Head Office: Chennai, Tamil Nadu, India; CEO: Amit Kumar Sinha; hereinafter "MWC"), its partner in the development and operation of ORIGINS Chennai Industrial Park (hereinafter "the Industrial Park"), for the additional expansion and development of Phase II of the Industrial Park. Phase I, comprising approximately 124 hectares, has already been completed, while the initial Phase II area, covering approximately 57 hectares, is currently under development and being marketed. Under the new agreement, the partners will proceed with...
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