&w=3840&q=100)
Mahindra Industrial Park, Sumitomo Corp sign strategic deal with Osaka govt
This milestone partnership reinforces Mahindra's commitment to facilitating high-quality global investment into India's manufacturing sector and positions Tamil Nadu as a preferred destination for Japanese industry.
Through this agreement, MIPCL and Sumitomo Corporation will work closely with public institutions to serve as local facilitators for Osaka-based companies exploring opportunities in India. As part of the collaboration, MIPCL and Sumitomo Corporation will support business visits, provide on-ground consultation, and participate in knowledge-sharing seminars hosted in Osaka. The Osaka authorities, in turn, will identify and recommend companies interested in expanding into India, ensuring necessary permissions are in place to facilitate a streamlined entry process for Japanese manufacturers.
India, with its projected GDP growth of 6.3 per cent in FY2025 as forecast by the World Bank, remains a powerful draw for international business. As a rising leader in the Global South, India is increasingly seen as a long-term partner for global supply chains. Chennai, in particular, has become a hub of industrial activity due to its strong port connectivity, ease of access to Southeast Asia, and growing presence of automotive, electronics, and semiconductor companies. Origins by Mahindra, Chennai, already hosts six Japanese clients and offers world-class infrastructure and a stable policy environment.
The collaboration in Chennai will further strengthen these efforts by enabling tailored support for businesses evaluating the Indian market. MIPCL, backed by Mahindra Lifespaces' deep knowledge of Indian industry, will play a key role in helping Japanese firms navigate regulatory frameworks, secure land and utilities, and scale up operations with confidence.
Amit Kumar Sinha, Managing Director and Chief Executive Officer, Mahindra Lifespace Developers Ltd., said, 'This partnership reflects our vision to build future-ready ecosystems that align with India's manufacturing ambitions. It also underscores our focus on setting new benchmarks through successful Public-Private Partnerships (PPPs), enabling long-term, sustainable industrial progress. The expansion strengthens India's industrial ecosystem and supports economic growth.'
Vikram Goel, Chief Business Officer (Industrial), Mahindra Lifespace Developers Ltd., said, 'This engagement with Osaka Prefecture marks a milestone in our efforts to enable global investments into India through our industrial ecosystems. Origins by Mahindra, Chennai, has been developed to meet the needs of international manufacturers, offering operational readiness, regulatory support, and integrated infrastructure. Through this collaboration, we are well-positioned to support the specific requirements of diverse companies while also deepening the socio-economic impact of our industrial cluster in Tamil Nadu.'
The agreement underlines the spirit of cooperation and mutual interest shared by all parties. By aligning strategic intent with operational expertise, this partnership marks a new chapter in Mahindra's efforts to attract and enable world-class manufacturing in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a minute ago
- Time of India
EMotorad's Dynem begins export of India-made e-bikes to US brands
EMotorad's manufacturing division, Dynem , has officially commenced exports of its electric bicycles to the US. With shipments underway, Dynem has already secured 8–10 clients across the US and is dispatching multiple containers monthly. The development positions Dynem as one of the first large-scale Indian OEM exporters of e-bikes . The company expects annual shipments exceeding 20,000 units from its Dynem Giga Factory, with annual recurring revenue (ARR) of $10 million. 'The US was always our priority market while conceptualising the Dynem Giga Factory,' said Rajib Gangopadhyay , Managing Director, EMotorad. The company's US strategy is primarily B2B-focused, serving as an original equipment manufacturer (OEM) for leading American e-bike brands. Alongside OEM services, Dynem is collaborating with large distributors to introduce EMotorad-branded products directly into the US market.
Mint
a minute ago
- Mint
India-UK FTA: Experts are bullish on these sectors, recommend top stocks that can benefit from the agreement
India-UK FTA: Various sectors and stocks from the Indian stock market will likely hog the limelight on Friday, July 25, when trading resumes on the bourses following the landmark free trade agreement (FTA) between India and the UK. The FTA, which covers a wide array of sectors, will cut tariffs for various British imports while 99% of Indian exports to the UK would see duties eliminated to zero, including for segments like textiles, leather goods, agri products, medical devices and drugs, as per the documents shared by Indian officials. Additionally, the India-UK FTA will make it easier for British firms to export whisky, cars and other products to the country. The FTA signed by the two countries is expected to boost bilateral trade by around $34 billion annually. The deal was signed by Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynold in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer. Analysts believe that the India-UK trade deal is a lesson in global economic diplomacy and India's growing prominence in global trade. It assumes even more importance for India as it negotiates a trade deal with the US amid tariff threats. Moreover, with the China-plus-one policy gathering steam, India has emerged as an alternative. Analysts said that for India, the FTA could lead to more exports and greater foreign investment. Harshal Dassani, Business Head, INVasset PMS, said the zero-duty access to UK markets for textiles, gems, jewellery, seafood, engineering goods, and pharmaceuticals comes at a time when global supply chains are seeking China+1 partners. The agreement isn't just a diplomatic milestone—it's a targeted economic catalyst for multiple Indian sectors, Dasani added. Meanwhile, Pallavi Bakhru, Partner and UK Corridor Leader, Grant Thornton Bharat, believes the India–UK free trade agreement marks a pivotal moment - not only for boosting bilateral trade volumes, but for sparking employment and industrial renewal across both economies. She added that this FTA could unlock £25.5 billion in annual trade. Analysts largely remain bullish on sectors like textiles, gems and jewellery, and seafood as the deal opens direct market access in these export verticals. Additionally, they are also bullish on the sectors like auto, pharma and agriculture that could benefit. According to the FTA, Indian farm products will get the same low-tax treatment as products from top European countries like Germany, with India securing zero duties on 95% of agriculture and processed food items. Against this backdrop, Mahesh Ojha of Hensex sees agriculture-related stocks seeing an upside. "Duty-free access is expected to increase agri exports by over 20% in the next three years, contributing to India's goal of $100 billion agri-exports by 2030," the official said. The CETA eliminates UK tariffs on India's marine products. Despite the UK's $5.4 billion marine import market, India's share remains at just 2.25%, underscoring a significant untapped opportunity. Against this backdrop, Dasani said marine exporters such as Avanti Feeds could scale volumes rapidly with tariff barriers lifted. Under the FTA, there will be no import duties on Indian textiles and leather, which will make India more competitive with other exporting countries like Bangladesh and Cambodia. Dasani said for labour-intensive sectors like textiles, companies such as Vardhman Textiles and Arvind will benefit from an 8–12% cost advantage over global peers, unlocking new export orders. Meanwhile, Ojha recommends Welspun India and Arvind. India's total gems and jewellery exports to the UK are valued at $941 million, with $400 million coming from jewellery. The FTA opens up a huge market as the UK imports approximately $3 billion worth of jewellery annually. According to officials, tariff relaxations under the FTA are projected to double India's gems and Jewellery exports to the UK within the next 2-3 years. Jewellery and gems players like Titan and Kalyan Jewellers will gain from duty-free access in a high-margin market like the UK, where Indian craftsmanship is already well regarded, Dasani recommended. From 16% to zero, tariffs have been eliminated on India's leather and footwear. Ojha expects Relaxo and Bata India to benefit from this agreement. Engineering and auto component firms, notably Bosch India and SKF India, will ride on increased machinery and precision equipment exports, aided by a trusted trading framework, said Dasani. India will cut duties to 10% from over 100% under a quota system that will be gradually liberalised. In return, Indian manufacturers will gain access to the UK market for electric and hybrid vehicles, also under a quota system. Meanwhile, Ojha recommends looking at Tata Motors, Bharat Forge and Sona Comstar. Under the trade agreement, tariffs on Scotch whisky will drop to 75% from 150%, and then slide to 40% over the next decade, according to the British government. This, according to Ojha spells good for United Spirits, a subsidiary of UK-based Diageo PLC. Further, the focus on services, defence, education, and climate opens up avenues for IT giants like Infosys and TCS through greater mobility and cross-border contracts, Dasani said. "As tariffs fall and credibility rises, Indian exporters gain pricing power, scale access, and long-term visibility—key ingredients for rerating export-heavy portfolios in 2025 and beyond," he added. (With inputs from agencies) Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
a minute ago
- Business Standard
Net ECB inflows rise to $4.4 billion in April-May 2025, shows RBI data
The net inflows of foreign resources via External Commercial Borrowings (ECBs) grew multi-fold to $4.4 billion in April-May 2025, from $1.7 billion in April-May 2024, according to Reserve Bank of India data. External Commercial Borrowing registrations slowed to $5.7 billion during April-May 2025, down from $8.3 billion during April-May 2024. The RBI, in its monthly bulletin (July 2025), said that notably, nearly 48 per cent of the total external commercial borrowings registered during this period were intended for capital expenditure (capex), including on-lending and sub-lending for capital expenditure. The number of ECB registrations was 122 in April 2025 for $2.91 billion and 100 in May 2025 for $2.73 billion. The tally of ECB registrations by Indian entities stood at 1,379, amounting to $61.2 billion in FY25, RBI data showed. As for the interest rate on the ECBs, expressed in weighted average margin over alternative reference rate, it was 1.46 per cent in May 2025, substantially lower than 2.05 per cent in May 2024. This pricing indicator pertains to the floating rate loans. For fixed-rate loans, the interest rate range was between 0-10.0 per cent in May 2025, as against 0-11.67 per cent in May 2024. Corporate entities from the manufacturing sector had filed registrations for ECBs amounting to $1.2 billion in May 2025, up from $497 million in May 2024. Firms from the infrastructure sector had filed for intent worth $717 million in May 2025, down from $1.36 billion in May 2024. Corporations from services filed ECB intents for just $242 million in May 2025, up from $138 million a year ago. Non-banking finance companies filed ECB intents worth $566 million in May, much lower than $1.42 billion in May 2024.
