May 31, 14.52 PM IST || Pocket News Alert
~ Inaugurates new facility of Manu Yantralaya, a leading Indian automotive and bearing components manufacturer, in the Engineering SEZ
Dr. Guruprasad Mohapatra, with the Mahindra World City team at MWC Jaipur
Jaipur, 30th May, 2016: Mahindra World City Jaipur Ltd, a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), recently hosted Dr. Guruprasad Mohapatra, Joint Secretary, Union Ministry of Commerce, Govt of India. The intent of Dr. Mohapatra’ s visit was to meet, interact with and provide guidance and direction to both Mahindra World City team members and representatives of the various companies operational at the integrated business city. As part of his visit, Dr. Mohapatra also inaugurated the brand new facility of Manu Yantralaya, a leading bearings and automotive parts exporter, at MWC Jaipur’s Engineering SEZ (Special Economic Zone).
Commenting on his experiences at Mahindra World City, Jaipur, Dr. Mohapatra said, “Well-planned and sustainable infrastructure solutions, combined with a supportive business environment, are vital elements for industrial growth in India. It is encouraging to see how the Special Economic Zones at Mahindra World City, Jaipur, with 44 companies signed and 26 companies already operational, are driving the growth of the SEZ economy in India.”
Extending a warm welcome to Dr. Mohapatra, Sangeeta Prasad, CEO, Integrated Cities and Industrial Clusters, Mahindra Lifespace Developers Ltd. said, “We are honoured to have Dr. Mohapatra visit us at Mahindra World City, Jaipur. MWC Jaipur’s SEZ exports have crossed Rs 4,500 crores till date, and we look forward to continued support from the Government, as we strive to develop sustainable, industrial ecosystems that create employment and drive economic growth.”
Dr. Mohapatra visited MWC Jaipur’s IT/ITeS, Handicrafts and Engineering SEZs, interacting with representatives of various companies operational in these business zones, including Infosys, Deutsche Bank, Metlife, Appirio, Girnar Software, Naggaro Software, EXL Services, KnitPro and Poly Medicure. In his discussions with on-site companies, Dr. Mohapatra sought to understand concerns related to the larger regulatory environment, and to identify enablers for accelerated business growth.
With 25 years of expertise in manufacturing and exporting sheet metal and bearing components, Manu Yantralaya has 3 pre-existing, operational plants in Jaipur. The company is expected to invest around Rs 50 crores in its new, green facility spread across 2 acres in MWC Jaipur’s Engineering SEZ, and aims to strengthen its presence across global markets including China.
Mr. Abhinav Banthia, Director, Manu Yantralaya said, “Mahindra World City, Jaipur not only offers world class infrastructure, but has also created an eco-system that is conducive to business growth. This, coupled with strategic location advantages and the strong credibility of Mahindra Group, makes MWC Jaipur the ideal destination for business investment.”
Operational since 2008, MWC Jaipur spans 3,000 acres and encompasses 4 sector-specific SEZs (IT/ITES, Engineering & Related Industries, Handicrafts and Gems & Jewellery) and a Domestic Tariff Area (DTA). MWC Jaipur has emerged as one of India’s leading industrial hubs, contributing to the Indian government’s vision of ‘Make in India’ by creating opportunities for skill development, Foreign Direct Investment (FDI) and manufacturing.
About Mahindra World City Jaipur Ltd
Pioneered by Mahindra Lifespaces, Mahindra World Cities (MWCs), are integrated business cities through developments in Chennai and Jaipur. These developments cover 1862 hectares (4,600 acres) and house over 125 reputed global companies, providing an integrated environment for Livelihood, Living and Life. Mahindra World City’s business is driven by its mission of sustainable urbanization woven around a strategic business plan that aims to bring about a positive change for customers, stakeholders and communities.
Mahindra World City, Jaipur is located in the Delhi-Mumbai Corridor and is spread across 3,000 acres, being developed in partnership with Rajasthan State Industrial Development Corporation (RIICO), an agency of the Government of Rajasthan. Situated 25 kms from Jaipur airport, it houses facilities for more than 65 corporates like Infosys, Wipro, JCB, Perto, Rexam etc. across its SEZ and DTA facilities. It is the first city in India which is pre-certified SEZ with Gold certification under the Indian Green Building Council (IGBC). In addition, the Evolve IT Park situated within MWC Jaipur is a LEED platinum certified Green Building. Mahindra World City Jaipur is the world’s largest and Asia’s first project to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group, a global network of large cities taking action to address climate change.
Visit at www.mahindraworldcity.com
About Mahindra Lifespace Developers Ltd.
Mahindra Lifespace Developers Ltd., the real estate and infrastructure development business of the $16.9 billion Mahindra Group, is a leader and pioneer in sustainable urban development, through the creation of residential and integrated large format developments across nine Indian cities - Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bengaluru. The Company’s residential & commercial development footprint includes over 1.20 million sq.m. (12.94 million sq ft) of completed projects and over 0.88 million sq. m. (9.44 million sq. ft.) of ongoing and forthcoming projects.
Mahindra Lifespaces has pioneered the concept of an integrated business city through ‘Mahindra World City’ developments in Chennai and Jaipur; built on the philosophy of ‘Livelihood-Living-Life’, these developments span 1796 hectares (4,437 acres), house over 125 global and Indian companies and serve to drive economic growth and community development. In addition, Mahindra Lifespaces enables access to quality housing at affordable prices via its brand ‘Happinest’.
A pioneer of the green homes movement in India, Mahindra Lifespaces is the first Indian real estate company to have voluntarily released its triple bottom-line focused, externally assured Sustainability Report based on the GRI (Global Reporting Initiative) framework. In 2015, Mahindra Lifespaces has been recognized as Regional Sector Leader in Asia, in its category, by the Global Real Estate Sustainability Benchmark (GRESB) for the second year in a row.
www.mahindralifespaces.com; www.mahindraworldcity.com
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.
Visit us at www.mahindra.com