The special economic zone (SEZ) of Rajasthan Industrial Investment Corporation (RIICO) and the Mahindra World City, located at Kalwara village off Ajmer Road, about 17 km from Jaipur city, could emerge as the country's biggest single location SEZ in IT sector.
Currently Bangalore boasts of the biggest IT hub, located on 510 acres, spread over different locations of the garden city. But the Jaipur's IT SEZ would be located on a 750-acre plot, which will make it the biggest of its kind in the country.
"Eight players have already signed an agreement with us and Infosys, spread on an area of 200 acres, has completed the construction of one part of their block and the second is underway. German banking giant Deutsche Bank has built its building in an area of 16 lakh square feet. After Infosys, the second biggest would be Wipro, which plans construction on an 100-acre land. The construction would start next year. Similarly, Tech Mahindra, Nagaro Software, Conexxions and True Worth Infotech would also start constructing their premises by early next year. Altogether, construction activities would start on 343.45 acres of land in the SEZ and this would bring in an investment of Rs 765 crore. The projects are expected to give employment to 75,000 youths," said B K Subbaiah, chief operating officer of the joint venture company. RIICO, which is the investment arm of the state government, has 26% stake in this public-private initiative and Mahindra World City has a stake of 74%.
"Despite the fact that we (Mahindra) have bigger stake in the company, the chairman is Sunil Arora, who heads the board in the capacity as chairman of the RIICO," said BK Subbaiah.
Subbaiah said the company has signed a lease deed in September with ICICI Bank for 11.04 acres for establishing a data centre for Domestic Tarrif Area (DTA) in the SEZ. He said that 16 units of handicrafts and light engineering, including automotive and automotive component, would come in 71 acres of land that would attract an investment of Rs 325 crore and employ 4,000 people. Out of this eight would be handicraft units and the remaining light engineering projects.
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