Mahindra World City, Jaipur announces inauguration of its Multi-product Special Economic Zone

• MoUs signed with two key clients
• Targets Rs 3,000 Cr additional investment over 5 years 

Jaipur, June 15, 2018: The Multi-product SEZ of Mahindra World City, Jaipur was inaugurated by Shri Rajpal Singh Shekhawat, Honourable Minister for Industries, Govt. of Rajasthan. Shri DB Gupta, Chief Secretary, Govt. of Rajasthan;Shri Rajeeva Swarup, ACS Industries and Chairman, RIICO (Rajasthan State Industrial Development and Investment Corporation); and Dr. LB Singhal, Development Commissioner, Noida SEZ, were also present on the occasion.The Multi-Product SEZ reflects the continued commitment of MWC Jaipur to drive economic growth and industrialization in Rajasthan.

This occasion was also marked by the signing of MoU’s with two new customers -Sigma Electric, global leader and exporter of castings and precision-machined components and Aro Granite, largest exporter of processed granite from India – for setting up manufacturing facilities in the newly launched Multi-product SEZ. The SEZ at Mahindra World City, Jaipuris already home to leading companies such as Deutsche Bank, Metlife, Infosys, Knitpro, Maxop and Wipro.

MWC Jaipur is a joint venture between Mahindra Lifespace Developers Limited (MLDL) and RIICO.MWC Jaipur is a 3,000-acre integrated business city comprising the newly launched Multi- Product SEZ, a Domestic Tariff Area and the upcoming social and residential infrastructure. MWC Jaipur has signed on 81 companies as of March 31, 2018, of which 49 are already operational.The existing operational companies in MWC Jaipur have already earned cumulative foreign exchange of Rs ~7,097 Cr through exports.  So far, companies established in MWC Jaipur have created employment for ~35,000 persons (direct and indirect employment).

The launch of the Multi-product SEZ at MWC Jaipur creates opportunities for industries from additional diverse sectors like auto ancillaries, food processing, processed construction materials, ESDM, medical devices, apparels, gems and jewellery, etc. (in addition to existing sectors viz.IT/ITeS, engineering and handicrafts) to establish their facilities at MWC Jaipur, while contributing to the ‘Make in India’vision of the Government of India.

Speaking on the occasion, Shri Rajpal Singh Shekhawat, Honourable Minister for Industries, Govt. of Rajasthan, said, “I congratulate Mahindra World City, Jaipur on the launch ofits Multi-Product SEZ. Rajasthan’s robust policy framework is focused on meeting the emerging needs of businesses and citizens alike.  We remain committed to driving such measures and through them drive the key parameter of Ease of Doing Business and thereby ensuring that Rajasthan continues to build its position.”

Shri DB Gupta, Chief Secretary,Govt. of Rajasthan, further said, “Well-planned industrial infrastructure is a key enabler of our vision of establishing Rajasthan as aninvestment destination of choice.Mahindra World City, Jaipur has beenan important part of our efforts in this direction and a key contributor to thestate’s journey of industrialization and attracting investments.”

Shri Rajeeva Swarup, ACS Industries, Chairman, RIICO and Chairman, MWC Jaipur, said, “Multi-product notification for the SEZ at Mahindra World City, Jaipurmarks an important milestone in our collaborative journey with MLDL.  This will further accelerate the development of Rajasthan’s industrial footprint, drive enhanced investment and improve revenues for the state.”

Mr. Arun Nanda, Chairman, Mahindra Lifespace Developers Ltd.,added, “Mahindra Lifespace Developers is proud and delighted to be a partner-in-development to the Rajasthan government in realizing the state’s true growth potential.  The Multi-product SEZ at MWC Jaipur will continue to promote inclusive socio-economic development in the region via exports, a vibrant skilling ecosystem and job creation opportunities.”

MWC Jaipur’s Multi-product SEZ provides convenient access to airports, inland ports and markets in Northern and Western India. MWC Jaipur has established global benchmarks in sustainable urban development and is focused on holistic growth encompassing local communities and the environment

Established in 2006, MWC Jaipur embodies the philosophy of ‘Livelihood, Living and Life’.  It is already home to leading global and domestic companies across its industrial zones, including Ball Corporation, Deutsche Bank, Gravita, Infosys, Jaipur Crafts, JCB, KnitPro International, Mahindra and Mahindra, Metlife, Perto, Poly Medicure, TTK Healthcare and Yasen Lighting, among others.

MWC Jaipur has established global benchmarks in sustainable urban development and is focused on holistic growth encompassing local communities and the environment.  MWC Jaipur is the first project in Asia, and the world’s largest, to receive Stage 2 Climate Positive Development certification from the C40 Cities Climate Leadership Group (C40).

Corporate Comm India(CCI Newswire)