Mahindra World City (Jaipur) Ltd.
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Mahindra World City (Jaipur) Ltd. is a multi-asset class own and develop company based in India. It is a subsidiary of the Mahindra Group, which is a conglomerate with a diversified business portfolio that includes automotive, aerospace, agribusiness, hospitality, and real estate. The Mahindra World City (Jaipur) Ltd. was established in 2006 with the aim of developing a sustainable and integrated business city that would attract investments and create job opportunities in the region.
The company's vision is to create a world-class business ecosystem that is sustainable, socially responsible, and economically viable. The Mahindra World City (Jaipur) Ltd. operates on the principles of decarbonisation, which means reducing carbon emissions and promoting renewable energy. The company's goal is to become a carbon-neutral city by 2025, which is in line with the United Nations' Sustainable Development Goals (SDGs).
One of the ways in which the Mahindra World City (Jaipur) Ltd. is achieving its decarbonisation goal is through the use of renewable energy. The company has set up a 10 MW solar power plant within the city, which generates clean energy and reduces carbon emissions. The solar power plant is part of the company's corporate energy strategy, which aims to reduce the dependence on fossil fuels and promote renewable energy.
Another way in which the Mahindra World City (Jaipur) Ltd. is promoting renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is a contract between a company and a renewable energy generator, where the company agrees to purchase a certain amount of renewable energy at a fixed price for a specified period. The Mahindra World City (Jaipur) Ltd. has signed a 25-year PPA with a wind power generator, which will supply 46 million units of renewable energy annually to the city. This will not only reduce the carbon footprint of the city but also provide a reliable and cost-effective source of energy.
Apart from promoting renewable energy, the Mahindra World City (Jaipur) Ltd. is also focusing on energy efficiency and conservation. The company has implemented various initiatives such as LED lighting, energy-efficient HVAC systems, and rainwater harvesting, which have helped to reduce energy consumption and water usage in the city. The company has also set up a waste management system that promotes recycling and composting, which reduces the amount of waste sent to landfills and promotes circular economy.
The Mahindra World City (Jaipur) Ltd. is committed to social responsibility and community development. The company has set up a skill development center within the city, which provides training to local youth in various trades such as welding, plumbing, and electrical work. The center also provides soft skills training and job placement assistance, which helps to create employment opportunities and improve the standard of living in the region.
The company has also set up a community center within the city, which provides healthcare, education, and recreational facilities to the residents. The center has a primary healthcare clinic, a school, a library, and a sports complex, which promote health, education, and social well-being in the community. The company has also set up a micro-enterprise development program, which provides financial assistance and business training to local entrepreneurs, which helps to create small businesses and promote economic growth in the region.
In conclusion, the Mahindra World City (Jaipur) Ltd. is a multi-asset class own and develop company based in India, which is committed to sustainable and integrated business development. The company operates on the principles of decarbonisation, corporate energy, corporate PPA, and renewable energy, which promote clean energy and reduce carbon emissions. The company is also committed to social responsibility and community development, which creates employment opportunities, improves the standard of living, and promotes economic growth in the region. The Mahindra World City (Jaipur) Ltd. is a model for sustainable business development, which balances economic growth with social and environmental responsibility.