Mahindra World City Jaipur inks deal with four new clients

Mahindra World City (MWC) Jaipur announced on Thursday that it has signed an agreement with four new companies from the medical devices, ITes, manufacturing and warehousing logistics sector.

The new contract will create direct employment for more than 1,000 people. These clients namely, Vitromed Healthcare, Bansal Oil Mill Ltd and Bhagwati Group are investing in order to expand existing operations. MWC Jaipur provides a strategic location for these MSME clients along with, integrated ecosystem benefits thereby, enabling safe continuity of business for existing companies during phased unlocking.

MWC Jaipur Ltd is a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO). It is a destination of choice for more than 90 companies for both large corporate and MSME companies leveraging on the integrated industrial ecosystem.

The clients that inked deal with MWC Jaipur will cater international markets across Europe and United States along with, other domestic markets. MWC Jaipur has generated cumulative exports of more than Rs 10,300 crore and generated direct employment for more than 12,500 people.

Mahindra Lifespace Developers Ltd at 1:25 pm today was trading at Rs 211.45. It has a 52-week high of Rs 454.15 and 52-week low of Rs 171.20 on BSE.