Categories: Investments

Mahindra World City, Jaipur signs 12 clients, garners close to Rs 1,000 crore in investments over the past year

Jaipur, November 17, 2015: Mahindra World City Jaipur Ltd, a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), has added 12 customers over the past one year, thereby making available world-class industrial infrastructure, strategic locational advantages and a developed business ecosystem to a total of 67 global and Indian companies till date. Aggregate investments by Mahindra World City (MWC), Jaipur and its constituent units have crossed Rs. 2500 crore so far, with cumulative exports generated worth approximately Rs 4000 crore, and employment created for about 11,000 persons.

The 12 companies signed comprise a combination of new clients and expansion of facilities/operations by existing customers with an on-site presence. Commenting on the occasion, Sangeeta Prasad, CEO, Integrated Cities and Industrial Clusters, Mahindra Lifespace Developers Ltd said, “Built on the foundation of progressive economic, social and environmental development, the Mahindra World Cities provide a holistic, integrated business ecosystem designed to create employment opportunities and drive industrial growth. As we expand our customer base at Mahindra World City, Jaipur, we look forward to being part of the growth story of Rajasthan, a state which has always been proactive, innovative and inclusive in its leadership, and has successfully established favourable conditions for business and industry.”

Sanjay Srivastava, Chief Operating Officer, Mahindra World City, Jaipur added, “We welcome our new customers to Mahindra World City, Jaipur. We will continue to focus on making available a conducive environment that facilitates ease of business and yields faster go-to-market benefits for Indian and multinational organisations who are planning their next phase of growth in India. With Rajasthan leading efforts to attract new investments by driving progressive reforms and strategic initiatives, developing a comprehensive skill development ecosystem and formulating special incentive packages for priority sectors, we are sure that investors will seek presence in the state to ensure business success.”

Operational since 2008, MWC Jaipur spans 3000 acres and encompasses 4 sector-specific SEZs (IT/ITES, Engineering & Related Industries, Handicrafts and Gems & Jewellery) and a Domestic Tariff Area (DTA). Mahindra World City, Jaipur has emerged as one of India’s leading industrial hubs, contributing to the Indian government’s vision of ‘Make in India’ by creating opportunities for skill development, Foreign Direct Investment (FDI) and manufacturing.

The clients acquired by MWC Jaipur over the past year represent a wide variety of industries and sectors, ranging from IT/ITES, fashion garments and consumer packaging, to skill development, food processing and knitting accessories manufacturing.

Zone

Company

DTA

DTA

Rexam PLC is the largest manufacturer of beverage cans in the world and will leverage its MWC Jaipur facility to expand manufacturing operations to cater to the growing domestic market in India. India is expected to emerge as the biggest global manufacturing center for Rexam.

RUSDPL (Rajendra & Ursula Joshi Skill Development Pvt. Ltd.) currently operates the not for profit ‘Bhartiya Skill Development Centre’ at MWC Jaipur to provide high quality skill development opportunities to Indian youth. RUSDPL plans to diversify into the manufacturing of precision machine tools, hand tools, surgical equipment and hard wood furniture, and has recently taken up an additional 12.7 acres at MWC Jaipur.

RUFIL (Rajendra & Ursula Joshi Food Industries Pvt. Ltd.) has commenced construction of a state-of-the-art dairy processing unit at MWC Jaipur’s DTA.

Ranka Paper Convertors (RPC) is a manufacturing initiative by the Jaipur-based Ranka Group and will cater to both domestic (Indian) and global markets via its new facility at MWC Jaipur.

Dev Milk Foods Pvt. Ltd. will operate a dairy-processing unit at MWC Jaipur (currently under construction), with plans to develop a Central Laboratory for research and quality assessment of food products.

Swift Warehousing LLP is a division of Delhi Rajasthan Transport Co. Ltd. (DRTC India) and plans to build a state-of-the-art warehouse to lease for short to medium tenures.

Engineering & Related Industries SEZ

Polymed Medical Devices, an existing client with a state-of-the-art medical devices manufacturing unit already operational at the Engineering SEZ,is expanding manufacturing operations at MWC Jaipur to cater to the growing domestic market.

KnitPro International is an India-based manufacturer and exporter of knitting accessories and a global category leader. An existing client of MWC Jaipur, KnitPro was the first company to become operational at the Engineering & Related Industries SEZ, and will now manufacture specialized wood at a new, upcoming facility.

Topline Overseas is a group company of TI Industries, which manufactures power distribution transformers & related products and is setting up a new facility at MWC Jaipur to cater to international markets.

IT/ITES SEZ

MetLife Global Operations Support Center (GOSC) is a part of MetLife Global Technology & Operations with core capabilities around Service Delivery, Consulting, Vendor Management and Network Operating Design. MetLife GOSC’s Jaipur center (located at ‘Evolve’, the GnNxt IT park in the IT/ITES SEZ) is a key component of its business continuity operations and global expansion plans.

Appirio is a global services company that helps customers compete and win in the cloud economy. Mahindra World City, Jaipur was a business destination of choice for Appirio to start operations in India because of its strategic location and the availability of cost-effective, skilled manpower. Appirio employs candidates with roots in Jaipur, which has helped improve retention levels within the company. As part of its organizational growth and development plans, Appirio is investing heavily in ‘Jaipur Academy’, the Learning & Development initiative that involves building a world-class, robust and comprehensive training curriculum to produce and groom Business Analysts, Project Managers, Tech Leads and Cloud/Crowdsourcing Architects.

Handicrafts SEZ

Rainbow Texfab Pvt. Ltd. is a Jaipur-based high fashion garments manufacturer which caters to global markets across Japan, Germany, US, Australia and South Africa. The company has decided to foray into handicrafts and home furnishings via its unit in the Handicrafts SEZ.

Corporate Comm India(CCI Newswire)

The Property Times News Bureau

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