M&M plans Rs 1,100-cr SEZ in Jaipur

Thru Business Standard

Project likely to create direct & indirect employment for around 2.50 lakh people.

Mahindra & Mahindra today announced plans to set up a special economic zone at Jaipur that is projected to attract investments of Rs 1,100 crore. It is expected to create direct employment for 100,000 people and indirect employment for 120,000-150,000 people.

The SEZ will be executed by a special purpose vehicle, Mahindra World City Jaipur Ltd, formed by Rajasthan State Industrial Development & Investment Corporation and Mahindra-Gesco Developers Ltd. The SEZ will be spread over 3,000 acres. Its first phase of 129 acres will be completed in six months.