Mahindra World City, Jaipur congratulates TTK Healthcare on the inauguration of its new facility
Four food-processing companies to cater to local and global markets from Mahindra World City, Jaipur
Jaipur, Nov 6, 2015: Mahindra World City Jaipur Ltd, a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), today announced the formal inauguration of the first food processing company to go operational in its Domestic Tariff Area. Earlier this week, TTK Healthcare Ltd. inaugurated its new state-of-the-art facility spread across 4.5 acres at Mahindra World City (MWC), Jaipur, which will manufacture ready-to-fry snacks for domestic and global consumption. In addition to TTK Healthcare, MWC Jaipur will house three other food processing customers in its DTA zone – Chokhi Dhani Foods, Dev Milk Foods Private Limited and Rajendra and Ursula Food Industries Pvt. Ltd. (RUFIL). At full capacity, the four food processing units in MWC Jaipur’s DTA will generate combined employment for about 700 persons at a total investment of approximately Rs. 180 Cr.
Commenting on the occasion, Sanjay Srivastava, Chief Operating Officer, Mahindra World City Jaipur said, “Mahindra World City Jaipur congratulates TTK Healthcare on the inauguration of its new facility and looks forward to partnering the TTK Group on its global growth journey. As a world class integrated business ecosystem of choice for more than 65 global and leading Indian companies, MWC Jaipur is committed to creating a win-win business environment for its clients, while driving sustainable development and economic empowerment in the state of Rajasthan.”
Mr. T.T. Laxman, General Manager, Food Business, TTK Healthcare added, “This new world-class facility of our Foods Division is expected to start commercial production shortly hereafter. Some of the food processing equipment will be first of its kind in its industry, worldwide.”
TTK Healthcare is a constituent of the TTK Group, one of India’s oldest business houses with a presence encompassing Pharmaceuticals, Consumer Products, Biomedical Devices and Foods sectors. Set up at an initial investment of Rs. 70 Cr, TTK Healthcare’s new facility in Mahindra World City (MWC) Jaipur is yet another milestone in the company’s strategic expansion plans, and is expected to provide employment to nearly 200 people.
Mahindra World City Jaipur’s Domestic Tariff Area presently houses 19 Indian and global manufacturing and services companies catering to the Indian market, and is currently spread across 500 acres of developed infrastructure, with another 500 acres in the offing.
About Mahindra World City Jaipur Ltd.
Pioneered by Mahindra Lifespaces, Mahindra World Cities (MWCs) are integrated business cities through developments in Chennai and Jaipur. These developments cover 1796 hectares (4,437 acres) and house over 125 reputed global companies, providing an integrated environment for Livelihood, Living and Life. Mahindra World City’s business is driven by its mission of sustainable urbanization woven around a strategic business plan that aims to bring about a positive change for customers, stakeholders and communities.
Mahindra World City, Jaipur is located in the Delhi-Mumbai Corridor and is spread across 3000 acres, being developed in partnership with Rajasthan State Industrial Development Corporation (RIICO), an agency of the Government of Rajasthan. Situated 25 kms from Jaipur airport, it houses facilities for 67 corporates like Infosys, Wipro, JCB, Perto, Rexam etc. across its SEZ and DTA facilities. It is the first city in India which is pre-certified SEZ with Gold certification under the Indian Green Building Council (IGBC). In addition, the Evolve IT Park situated within MWC Jaipur is a LEED platinum certified Green Building. Mahindra World City Jaipur is the world’s largest and Asia’s first project to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group, a global network of large cities taking action to address climate change.
About Mahindra World City Jaipur Ltd.
Mahindra Lifespace Developers Ltd., the real estate and infrastructure development business of the $16.9 billion Mahindra Group, is a leader in sustainable urban development, through the creation of residential and integrated large format developments across nine Indian cities - Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bengaluru. The Company’s residential & commercial development footprint includes over 0.95 million sq.m. (10.21 million sq ft) of completed projects and over 0.92 million sq. m. (9.93 million sq. ft.) of ongoing and forthcoming projects.
Mahindra Lifespaces has pioneered the concept of an integrated business city through ‘Mahindra World City’ developments in Chennai and Jaipur. The Company’s ‘Green’ homes, pan-India presence, and the development of successful integrated cities have all contributed to Mahindra Lifespaces being recognized as a developer with a pioneering spirit. Mahindra Lifespaces is the first real estate company in India to release its triple bottom-line focused Sustainability Report that is based on the Global Reporting Initiative (GRI) framework and received an A+ rating indicating the highest levels of disclosure and transparency. In 2015, Mahindra Lifespaces has been recognized as Regional Sector Leader in Asia by the Global Real Estate Sustainability Benchmark (GRESB), for the second year in a row.
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.
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