Mahindra World City, Jaipur signs MOU with Vamani Overseas

New Delhi, Jun 30 (UNI) Mahindra World City (MWC), Jaipur today said it has signed a Memorandum of Understanding (MoU) with Vamani Overseas to set-up a four acre campus in Jaipur's handicraft zone.

Based in the Delhi-NCR region Vamani Overseas is the first handicraft company from outside Rajasthan to set up shop in MWC, Jaipur's handicraft zone.

The company will use this facility to produce handicrafts for global clients, it said in a statement.

''Mahindra World City, Jaipur was a clear choice due to its manifold advantages. Combined with our implicit faith in Mahindra, the SEZ location, favourable industrial environment and the state-of-the-art infrastructure facilities available in MWC, Jaipur make a potent combination,'' Chairman, Vamani Overseas, B R Bhatia, said.

The company exports its products to new markets including US and Europe besides Australia, South Africa and Singapore.

MWC, Jaipur's handicraft zone is spread across 250 acres, of which 50 acres will be developed in the First phase by MWC Jaipur.

The Mahindra World City is a joint venture between Mahindra Lifespace Developers Ltd (a Mahindra Group Company) and Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO, an agency of the Government of Rajasthan).

UNI AK PDT ND1830