Mahindra Lifespace Developers Ltd. and International Finance Corporation, a member of the World Bank Group, have announced a partnership for the development of multiple industrial parks across Gujarat, Rajasthan and Maharashtra. The partnership envisages investment across Mahindra Lifespaces’ existing and upcoming industrial park projects, with its first investment in an approximately 350-acre industrial park near Ahmedabad.
The industrial parks will offer plug-and-play ecosystems encompassing world class infrastructure and utilities, to enable faster go-to-market for large businesses, while also making available critical manufacturing infrastructure for small and medium businesses. Each development will focus on inclusive growth for local communities via multiple initiatives such as vocational skill training, self-help groups for women, etc. Developments undertaken by the partnership are expected to augment the local manufacturing ecosystem in each region. IFC has collaborated with Mahindra Lifespaces on carbon pricing and on green residential development.