JAIPUR, MAR 7: The Mahindra group is
set to begin work on an ambitious World City here, in step with
its promise of providing cutting-edge business facilities in the
Called the Mahindra World City, a joint venture between Mahindra
Gesco Developers Ltd and the Rajasthan State Industrial
Development and Investment Corporation Ltd (RIICO), is being
developed as a multi-product special economic zone.
Phase-1 of the project will involve construction of an IT and
ITES SEZ spread over 188 acres. The company also plans to
develop a technology park within the IT SEZ, which will offer
built-up space to sector-specific players.
IT majors Infosys and Wipro have already agreed to develop
campuses in the World City. Besides, several leading IT and ITES
companies are also keen on setting up shop in the proposed SEZ.
Formal agreements are likely to be signed soon.
Jurong of Singapore is the main planner of the project. With the
proposed entry of leading IT companies in the World City,
Rajasthan is poised to become a major infotech hub.
According to recent surveys, several IT and ITES companies are
looking to establish operations in tier-II cities like Jaipur,
to reduce costs and tap local manpower.
After completion, the SEZ is expected to generate direct
employment for over 1 lakh people and investment of over Rs
Apart from information technology, the SEZ will also offer
facilities for industries from various sectors, including
manufacturing, handicrafts, apparel and textiles, and gems and
The group plans to develop world-class warehousing and logistics
zones within the proposed SEZ to make Jaipur a logistics hub of
Video - Mahindra
Sez (Click Here)
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