Mahindra World City, Jaipur Announces Inauguration Of Its Multi-product SEZ
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 Swamp, ACS Industries and Chairman. RIICO (Rajasthan Slate Industrial Development and Investment Corporation); and Dr LB Singhal. Development Commissioner. Noida SEZ. were also present on the occasion. The multiproduct 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 Arc Granite, the 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 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 approx. through exports. So far, companies established in MWC Jaipur have created employment for approx. 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/lTeS, engineering and handicrafts) to establish their facilities at MWC Jaipur, while contributing to the ‘Make in India‘ vision of the Government of India.