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Mahindra World City, Jaipur inaugurates multi-product Special Economic Zone

By Swati Deshpande,

Added 15 June 2018

Targets Rs 3,000 Cr additional investment over 5 years

The Multi-product SEZ of Mahindra World City (MWC), 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, Jaipur is 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 Ltd (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).

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