Mahindra Gesco Developers Ltd has planned to set up a special economic zone at Jaipur in Rajasthan. The project that would come up in 3-5 years, will involve investments of over Rs.1,000 crore.

Salient features:

Implementing agency: Mahindra World City Jaipur Ltd.
Promoters: Mahindra Group and Rajasthan Industrial & Investment Corporation (RIICO)
Project outlay: Rs.1,000 crore
SEZ focus area: IT and IT-enabled services, creating a logistics hub for northern states
Investment potential: $2 billion
Employment potential: 1 lakh persons
Area expanse: 3,000 acres
Supporting infrastructure: six-lane roads, stable power, unlimited bandwidth, abundant water supply
Envisaged completion: IT-SEZ targeted for completion by mid-2006

RIICO has the option of holding up to 49 per cent equity stake. Of the total land requirement of 3,000 acres, around 1,000 acres is already in possession of RIICO.

For the Mahindra Group, this would be the second SEZ venture. The first Mahindra World City was inaugurated in September 2002 in Chennai. The SEZ, was developed in partnership with Tamil Nadu Industrial Development Corporation, covers 1,400 acres of land. It caters to three sectors -- IT (services and manufacturing), apparel & fashion accessories and automobile ancillaries.