Mahindra World City's manufacturing zone became operational the other day with a handicrafts major Ratan Textiles, specializing in Jaipur quilts and handmade paper, starting construction of its state of the art production facility in an area of two acres. The manufacturing zone, coming into operation after the IT zone, is spread over 750 acres of the total 3,000 acres of the Mahindra World City (MWC) SEZ.
Ratan Textiles will make a projected investment of Rs.14.5 crore and will manufacture textile made ups, home furnishings and handmade paper products providing employment opportunities to about 530 persons. This is the fourth plant of the company which has market links in the US, Europe and Latin America. CEO of Ratan Textiles Sunit Jain said the unit in Mahindra SEZ would start production in the next 10 months.
The IT zone of MWC, Jaipur, is operational with a 2000-strong work force at present. The three dozen companies which have signed up with MWC in the zone include Infosys, Wipro, Tech Mahindra, Deutsche Bank, State Bank of India, ICICI Bank, EXL, Connexions, Truworth, Nucleus Software and Nagarro Software. “As in the case of the IT zone I am confident that the manufacturing zone will also evolve into a centre of excellence for the industry,” said Ashish Mathur, Head, Business Development and Marketing, MWC, Jaipur.
MWC Jaipur is a joint venture between Mahindra Lifespace Developers and the Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO). The SEZ includes exclusive zones for IT/ITes companies, light engineering companies, including auto and auto component manufacturers, handicrafts, gem and jewellery and apparel companies. When it attains full capacity in occupancy and operations it is expected to attract investments to the tune of Rs.10, 000 crore and create direct employment for one lakh people.
MWC Jaipur is included in the list of 16 projects worldwide which are being supported by Clinton Climate Initiative, a foundation for sustainable development, former US President Bill Clinton.