Jaipur: Mahindra World City (MWC), Jaipur, an Integrated Business City reaches another milestone with the signing of Mahindra & Mahindra Ltd to set up a distribution hub for spare parts business in 10 acres within Domestic Tariff Area of Mahindra World City, Jaipur. The new facility will be started with an investment of Rs. 30 Cr and will provide direct employment to over 300 people.
The spare parts business unit caters to the spare parts requirements of Mahindra vehicles and tractors in use by customers to provide them with the best and genuine spares through capabilities in sourcing, assembling, warehousing and distribution. As part of its expansion strategy, the business unit plans to create hubs across India to cater to the fast growing demand for genuine spare parts.
Dr Pawan Goenka, President – Mahindra Automotive & Farm Equipment Sector said, "For our new parts distribution hub for Northern markets, Mahindra World City, Jaipur was the ideal choice for us. MWC is strategically located on NH 8 and provides world class infrastructure, connectivity with key markets and a conducive ecosystem to meet all our business needs."
Speaking about the development, Ms Anita Arjundas, MD & CEO, Mahindra Lifespace Developers Ltd & Director, Mahindra World City, Jaipur, said, “It is an important milestone for us in our journey of creating an industrial destination at Jaipur to have a leading customer like Mahindra & Mahindra Ltd as part of Mahindra World City, Jaipur.”
About Mahindra World City, Jaipur
Mahindra World City, Jaipur is an integrated business city focused on creating economic centers of development and new urban nodes. The 2nd such development from the Mahindra World City stable, Mahindra World City, Jaipur (MWCJ) is spread over an area of 3000 acres and provides corporates with a world-class platform to expand their businesses to compete globally. Mahindra World City, Jaipur offers Special Economic Zones, a Domestic Tariff Area and
Social Infrastructure Zone and is a 74:26 joint venture between Mahindra Lifespace Developers Ltd. (a Mahindra group company) and the Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO, an agency of the Government of
Rajasthan).MWCJ includes exclusive zones for IT/ITeS Companies, Engineering & related industries, handicraft companies, gem & jewellery companies and apparel companies. Besides these export oriented zones, MWCJ also has a Domestic Tariff Area (DTA) for catering to companies serving the domestic market. Mahindra World City will also have a dedicated Logistics and Warehousing Zone for the manufacturing companies in order to provide complete end to end solutions. Social Infrastructure in the form of housing, education and health institutes, recreational zones, and retail and hospitality centres also forms an integral part of the development.
Today, 43 companies have already signed-up with MWCJ in various zones viz. IT/ITeS, Engineering & Related Industries and Handicrafts, which include names like JCB, Perto, Infosys, Wipro, Deutsche Bank, State Bank of India, ICICI Bank, EXL, Nucleus Software, Nagarro Software, Truworth, Girnar Soft, QH Talbros, Dynamic Cables, Poly Medicure, Gravita India, Knit Pro, and Ratan Textiles among others.
Mahindra World City, Jaipur is one of 16 projects world-wide to be part of the Clinton Climate Initiative’s (CCI) effort to create Climate Positive cities. Total investments into Mahindra World City, to date, have crossed Rs. 1000 crores.
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