M&M plans $2 bn SEZ at Jaipur

The zone spanning over 3,000 acres, would 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 project for setting up the fully-integrated business city in the SEZ format, would help generate 1 lakh jobs, M&M informed the Bombay Stock Exchange.

"It has been our constant effort to bring world-class facilities to India. Mahindra World City in Chennai has showcased our abilities to do so. The Jaipur project will offer the Northern region a role model in such developments, " M&M vice-chairman and managing director Anand Mahindra said.