The Multi-product SEZ of Mahindra World City, Jaipur was inaugurated by Rajpal Singh Shekhawat, Honourable Minister for Industries, Govt. of Rajasthan. DB Gupta, Chief Secretary, Govt. of Rajasthan; 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 industrialisation in Rajasthan.
This occasion was also marked by the signing of MoU’s with two new customers – Sigma Electric, exporter of castings and precision-machined components and Aro Granite, 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 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.
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 one of world’s largest, to receive Stage 2 Climate Positive Development certification from the C40 Cities Climate Leadership Group (C40).