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Mahindra
World City
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About Mahindra World City |
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Overview |
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A World teeming with opportunities
It's a concept that
evolved out of a single purpose - to create a world-class, one-stop business
destination to meet all your business needs. The City's plug-n-play
infrastructure and well-planned township helps create a great working
environment and an amazing living experience.
Mahindra has successfully developed India's first World City at Chennai.
After this milestone, the Group plans to come up with two more such
projects, one at Jaipur and another at Pune. |
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The Concept |
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A World Class Integrated
Business City |
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Born out of the need for good quality business support
infrastructure, the Mahindra World City concept offers a one-stop solution
for global companies - Indian and International - looking to expand their
presence in India |
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The Mahindra World City concept promises to
deliver an "Island of Excellence". Complete with plug-n-play infrastructure,
these Cities are well planned and divided into zones for business and
lifestyle. |
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The Business Zones further offer the convenience of a Special Economic
Zone and a Domestic Tariff Area. So be it exports to the world market
from India or capturing market share in the expanding domestic market,
the Mahindra World City concept offers space and infrastructure to
support every company's needs.
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The Lifestyle Zone, located in close proximity to the Business Zones,
offers a work - live - learn - play format. A typical Lifestyle Zone
in a Mahindra World City would offer residential units, schools,
medical centers, retail, recreation and leisure facilities set amidst
green dappled avenues and a clean, healthy environment.
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Highlights of a Mahindra
World City |
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Call it the ten commandments of
creating a world-class city. Or just, the benefits that accrue to you
when you choose a Mahindra World City as your next destination.Whichever
way you look at it, a Mahindra World City has the best to offer your
business. |
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Strategic
location with excellent connectivity |
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Sustainable and scalable
master plan |
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Plug-n-play infrastructure
and fail-safe utilities |
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Flexible business space
formats |
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Fiscal benefits and
hassle-free environment of a Special Economic Zone |
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Convenience of a
world-class Domestic Tariff Area in close proximity |
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International
lifestyle-support social amenities and facilities |
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Environment Nurture |
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Professional Operations &
Maintenance |
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The credibility and assurance of a public private partnership between
a trusted Mahindra Group company and a leading State Government
undertaking responsible for industrial promotion.
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Location |
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A Mahindra World City takes you away from the
bustle and strain of a metropolitan city. And yet brings you closer to the
World. What make this possible are well-planned locations.
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Located close to major cites, these World Cities
offer easy access to airports and/or seaports and are well connected by
road and / or rail offering reliable and safe transport solutions to the
employees of companies located there.
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There are three Mahindra World Cities
under development today - at Chennai, Jaipur and Pune. |
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Mahindra World City, New Chennai |
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India's first integrated business
city and Corporate India's first operational Special Economic Zone,
Mahindra World City, New Chennai has become a benchmark for such
developments in the country today. |
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Promoted by the Mahindra Group and Tamil Nadu Industrial Development
Corporation (TIDCO) Mahindra World City is located an easy drive from
the Chennai International Airport on the National Highway 45.
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Its customers include B Braun, BMW, Infosys Technologies, Timken
Company, The TVS Group Companies, UCAL Mikuni and Wipro among others.
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Mahindra World City, Jaipur
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A brand new City spread over a 3000
acre site is taking shape at Jaipur. Mahindra World City, Jaipur is
promoted by the Mahindra Group and Rajasthan State Industrial and
Investment Corporation (RIICO). |
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Located just 30 minutes from Jaipur City, Mahindra
World City, Jaipur will offer a Special Economic Zone and Domestic
Tariff Area offering options for IT / ITES, Manufacturing and Logistics.
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Mahindra World City, Pune
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Located on the Mumbai - Pune
expressway, Mahindra World City, Pune is the third Mahindra World City.
Promoted by the Mahindra Group and Maharashtra Industrial Development
Corporation (MIDC), Mahindra World City, Pune will set new benchmarks in
business space. |
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| About
Special Economic Zone (SEZ) |
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A Special Economic Zone
(SEZ) is a "specifically delineated, duty-free enclave and shall be
deemed to be foreign territory for the purposes of trade operations and
duties and tariffs" (EXIM Policy 2000, Chapter 9, Para 30).
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All trade inflows into the SEZ are
treated as imports and all outflows from the SEZ are treated as exports. |
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The concept of SEZ was introduced
by the Indian Government in the EXIM Policy 2000. Since then the SEZ Act
has been passed in 2005 and the rules and regulations governing the same
have been notified in 2006. |
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The preferential policy framework
within which an SEZ functions is designed to give an impetus to exports
and provide the necessary supporting environment to make these export
hubs an attractive investment destination point for global players with
multi-lateral trade dimensions. |
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- Income tax holiday for 15 years
- 100% for the first 5 years
- 50% for the next 5 years
- 50% for the following 5 years on plough back of profits
- Exemptions from customs and excise duties, central sales tax and
local taxes on construction material, capital equipment , raw
material, spares, and consumables
- Exemption from service tax
- Exemption on stamp duty and land registration charges
- Single window clearances
- On-site customs and self-certification processes
- Repatriation of profits without dividend balancing permitted
- 100% foreign direct investment permitted
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For more information, please download
The SEZ Advantage PDF
* All the benefits are as per the SEZ Act 2005 outlined by the
Government of India. However local taxes / duties which are under the
purview of the State Government, are governed by the respective State
Governments.
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