Aug 30, 2008

Rajasthan Chief Minister inaugurates Mahindra World City's IT SEZ

Rajasthan Chief Minister inaugurates Mahindra World City's IT SEZ

The Honourable Chief Minister of Rajasthan, Vasundhara Raje inaugurated
Mahindra World City (MWC), Jaipur?s IT SEZ today. MWC, Jaipur?s IT SEZ
is spread across approximately 750 acres and is the largest planned IT
SEZ in the country. This IT SEZ currently plays host to companies such
as Infosys, Wipro, Deutsche Bank, Nucleus Software, Conations and other
leading IT organizations. This IT SEZ forms a part of the larger 2600
acre multi-product SEZ that also has light engineering, auto ancillary,
handicrafts and logistics zones, with an envisaged investment of Rs
10,000 crore and projected employment of 1 lakh by 2012.

Jaipur a leading example of public-private partnership, is a 74:26
joint venture between Mahindra Lifespace Developers and the Rajasthan
State Industrial Development and Industrial Corporation. A notable fact
is that this SEZ has become operational within two years of its initial
launch. In addition to the customers in the IT SEZ, MWC, Jaipur?s
client list includes ICICI Bank, QH Talhros, Marsons Electricals,
Tijaria Polyprep, Dynamic Engineering, Polymed, Genus Power, Veto
Electropower, Pink City Enterprises, Artasia, Artage, Heritage, A L
Paperhouse, Vamani Enterprises, Rustic Furniture.

The company made this announcement after the trading hours on Friday, 29 August 2008.