"Project likely to create direct & indirect employment for around 2.50 lakh
Mahindra & Mahindra today announced plans to set up a special
economic zone at Jaipur that is projected to attract investments of Rs 1,100
crore. It is expected to create direct employment for 100,000 people and
indirect employment for 120,000-150,000 people.
The SEZ will be
executed by a special purpose vehicle, Mahindra World City Jaipur Ltd, formed by
Rajasthan State Industrial Development & Investment Corporation and
Mahindra-Gesco Developers Ltd. The SEZ will be spread over 3,000 acres. Its
first phase of 129 acres will be completed in six months.
Source : Business Standard