Jaipur: Mahindra World City (MWC), Jaipur, an Integrated Business City has signed up Prithvi Steels, an authorized Category-I manufacturer of steel pipes, to set up a manufacturing facility in 2 acres within Domestic Tariff Area of Mahindra World City, Jaipur. The new facility will be started with an investment of Rs. 20 Crore and will provide employment to over 150 people. The company will establish a Steel tube plant in Mahindra World City, Jaipur by the mid of year 2014 and also plans to set up a strip mill in future. This will be the first such plant in Rajasthan. The expected turnover of the new plant is estimated to be over Rs. 150 crore.
Prithvi Group already has 6 re-rolling plants in Rajasthan. They are one of the largest Steel manufacturers of Rajasthan. Shri Prithvi Steel has won many awards such as National Energy Conservation Award 2009 (1st prize) & Rajasthan Energy Conservation 2010 (1st prize). The unit was also recently awarded Vishwakarma Udyog Award 2012 in energy conservation, by Shri Ashok Gehlot, Hon’ble Chief Minister of Rajasthan.
With the growth trajectory of India lying more in the developing cities rather than metros, Mahindra World City Jaipur, with its plug n play infrastructure, has created an environment which supports large, medium and niche businesses to grow and evolve. Spread across 3000 acres, Mahindra World City, Jaipur (MWCJ) provides corporates a world-class platform and the necessary support to expand their businesses to compete globally.
Mr. Sudesh Sharma, Director – Prithvi Steels said, “Mahindra World City, Jaipur is the best industrial park in Rajasthan because of its world class infrastructure and connectivity with key markets. It was an ideal choice for us to set up a unit here”.
Speaking about the development, Mr. B. K. Subbaiah, COO, Mahindra World City, Jaipur, said, “Mahindra World City, Jaipur has been at the forefront of infrastructure development in the region and has created an ecosystem that provides world class support for businesses to grow and flourish. MWC Jaipur now has a healthy mix of services and manufacturing industries and we are delighted to have Prithvi Steels added as one of our esteemed clients”.
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