Mahindra-Sumitomo Sign Pact with Osaka Authorities to Boost Japanese Investments in Tamil Nadu

Chennai, Jul 21 (KNN) Mahindra Industrial Park Chennai Limited (MIPCL) and Japan’s Sumitomo Corporation have signed a cooperation agreement with the Osaka Prefecture and the Osaka Industrial Development Bureau to facilitate Japanese industrial investments in India.

The collaboration aims to position Tamil Nadu as a key destination for Japanese companies looking to expand their global footprint.

Under the agreement, MIPCL and Sumitomo will serve as the local interface for Osaka-based firms, offering support in areas such as site visits, consultations, and regulatory navigation.

Joint seminars will also be organised in Osaka to showcase industrial opportunities in India. In turn, Osaka authorities will identify and recommend companies prepared to explore the Indian market and assist them in understanding relevant procedures.

The agreement comes amid growing international interest in India, driven by its projected GDP growth of 6.3% for FY2025 and an increasingly central role in global manufacturing supply chains.

Chennai, with its robust port infrastructure and established industrial clusters in sectors like automotive, electronics, and semiconductors, remains a strategic choice for global manufacturers.

The Origins by Mahindra industrial park in Chennai currently hosts six Japanese companies and provides comprehensive industrial infrastructure.

Leveraging this ecosystem, MIPCL intends to support new entrants with land acquisition, regulatory approvals, and operational set-up.

Amit Kumar Sinha, MD & CEO, Mahindra Lifespaces, said the partnership reinforces India’s industrial growth vision and demonstrates the value of public-private collaboration.

Vikram Goel, Chief Business Officer – Industrial, noted that the Origins park is well-equipped to cater to the specific needs of international manufacturers.

(KNN Bureau)