Mahindra Holidays & Resorts India Ltd announced on Thursday its plan to invest INR 800 crore in Tamil Nadu for the development of three greenfield resorts over the next five to six years. In a statement, Mahindra Holidays & Resorts India Ltd (MHRIL) confirmed the signing of a Memorandum of Understanding (MoU) with the Tamil Nadu government for this substantial initiative.
The initiative is expected to create employment opportunities for more than 1,500 people, making a positive impact on the state’s overall economic landscape, as mentioned in the statement.
“With this significant investment, MHRIL will double its footprint in Tamil Nadu, with Club Mahindra already operating resorts in Ooty and Kodaikanal,” the company said.
This marks the second-largest investment by MHRIL, with the first being a INR 1,000 crore investment in Uttarakhand last year.
As per the statement, these investments are integral to the company’s expansion strategy aimed at doubling room inventory from 5,000 to 10,000 by 2030.
Further, MHRIL said as part of its commitment to sustainability and aim to achieve carbon neutrality by 2040, all the new resorts developed in Tamil Nadu will target to be “champions of net zero energy, water and waste, and in the process become role models for sustainable tourism in the state”.
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