Mahindra Group to aid US companies to expand manufacturing footprint in India

Mahindra Group has set up a dedicated platform in the US to help American companies expand their manufacturing base in India, the Mumbai-based diversified conglomerate said on Monday.

The Mahindra Group said it has an extensive experience in regulatory and policy matters, with an in-house team of experts, who will lend their expertise to give American companies a head-start on their manufacturing journey in India.

The Group will support interested companies in setting up their manufacturing base in India in a range of ways, including an integrated approach to manufacturing infrastructure, supply chain, technology/automation among others.

It would also provide modular plug-and-play suite of offerings; experience sharing on regulations and compliance; and environmental, social and governance (ESG) focus.

“Mahindra Group is delighted to announce a dedicated platform in the US– a decisive step aimed at enhancing global manufacturing and supply chain solutions for American companies," Mahindra Group Managing Director and CEO Anish Shah said in a statement.

With this bold move, the group will empower American businesses to unlock the immense potential of manufacturing in India, he added.

"We are committed to leveraging our experience, capabilities, and expansive scale thereby strengthening the global manufacturing landscape. Together, we will forge a path towards a shared, prosperous future, marked by strong collaboration and growth," Shah said.

The initiative's modular approach will allow businesses to select products, services, and financing options from the Mahindra Group's entire suite of offerings based on their exclusive requirements, it said.

With a demonstrated commitment to the highest ESG standards, sustainable manufacturing solutions will be a key component of the initiative, it added.

The Mahindra Group offers self-sufficient industrial parks at strategic locations and expertise to guide companies through the approval processes, it stated.

The Group also offers cost-effective solutions for manufacturing and logistics needs, amongst others, it added.

Complementing these efforts, International Finance Corporation (IFC) will offer equity and debt financing solutions for these companies, Mahindra said.

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.