Mahindra World City, Jaipur signs 5new clients; four more companies start operations

 Makes significant progress in C40 (Cities Climate Leadership Group) Roadmap

Jaipur, August 26, 2016: Mahindra World City Jaipur Ltd.(MWC Jaipur), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), announced that it has signed on five new customers between December 2015 – June 2016.Furthermore, four additional companies have become operational during the same timeline and are expected to generate additional employment for nearly 2,000 persons.

The five companies signed comprise new clients and expansion of facilities by existing customers. New entrants to MWC Jaipur include Shivakriti International Limited in the Domestic Tariff Area (DTA), and Metacube Solutions and Pinnacle Infotech in the IT/ITeS SEZ; two existing customers, Chokhi Dhani Pvt. Ltd. and Jaipur Crafts and have signed up to expand operations in the DTA zone and Handicrafts SEZ respectively.

The four companies that have completed construction and become operational between December 2015 and June 2016 are Bharatiya Skill Development Campus (BSDC) and Ranka Paper Convertors (RPC) in the DTA, and Manu Yantralaya Pvt. Ltd. and Topline Overseas in the Engineering SEZ. *

Aggregate investments by MWC Jaipur and its constituent units have crossed Rs. 2,900 crore as of the quarter ending June 30, 2016, with cumulative exports by the 35 companies currently operational exceeding Rs 4,700 crore, and employment created for more than 28,000 persons by these companies (direct employment for ~8,000 persons and indirect employment ** for ~ 20,000 persons).

Asia’s first city to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group(a global network of large cities taking action to address climate change), MWC Jaipur has also made significant progress in its climate positive road map with a total of 22% of tCO2e emissions abated till date; this exceeds earlier estimated emission reduction targets by 7 per cent.

MWC Jaipur continues to remain focused on its journey of sustainable development. Currently at Stage 2 of the C40 roadmap, MWC Jaipur has achieved its energy savings target by way of multiple concurrent initiatives such as community LED retrofitting in nearby villages and within the City, installation of a 210 KW solar power plant at Evolve (the multi-tenanted IT Park located in MWC Jaipur), tree plantation drives (5500 trees were planted this year alone), a solid waste collection and waste water treatment plant and efficient transportation solutions.

“When we developed Mahindra World City, Jaipur, we envisioned an integrated business city that would provide leading global and Indian companies the opportunity to leverage world class industrial infrastructure, strategic locational advantages and a well-developed ecosystem, to focus on core business operations and faster go-to-market. Today, we stand proud of our efforts as MWC Jaipur is now home to a vibrant business community encompassing 65+ customers across diverse industries & services. As more and more companies choose MWC Jaipur to set up operations, we continue our proactive contribution to the overall economic growth and industrial development of Rajasthan as a business destination,” said Sanjay Srivastava, Chief Operating Officer, Mahindra World City, Jaipur.

Mahindra World City, Jaipur spans 3000 acres and encompasses 3 operational sector-specific SEZs (IT/ITeS, Engineering & Related Industries and Handicrafts) and a Domestic Tariff Area (DTA),along with Residential & Social infrastructure planned for. MWC Jaipur has emerged as one of India’s leading industrial hubs, contributing to the government’s vision of ‘Make In India’ by creating opportunities for skill development, Foreign Direct Investment (FDI) and manufacturing. MWC Jaipur is today a preferred business destination for companies like Ball Corporation, Deutsche Bank, Genpact, Infosys, JCB, Mahindra & Mahindra, MetLife and Perto, among others.

* Please see annexure for details of companies

Corporate Comm India (CCI Newswire)