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Mahindra World City, Jaipur launches eco-friendly bicycle sharing services

Posted On: 2019-03-22 12:05:27

Mahindra World City Jaipur Ltd. (MWC Jaipur), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), has introduced bicycle sharing services within its Multi-Product Special Economic Zone. A fleet of 50 cycles is now available at conveniently situated docking stations for shared use by employees and visitors at MWC Jaipur.

Commenting on the initiative, Sanjay Srivastava, Business Head, Mahindra World City, Jaipur & Director, ORIGINS, Ahmedabad said, "MWC Jaipur has a vibrant business ecosystem with 85+ companies signed up across various zones and daily footfall of nearly 25,000 - 30,000 persons. We are delighted to introduce bicycle sharing services as another milestone in our journey of world class sustainable city development. This service will offer all the wellness benefits of seamless intra-city last mile connectivity to users, while ensuring a cleaner & safer transport alternative with reduced emission benefits in the area."

Pooja Vijay, Founder and Owner, Pink Pedal and Bicycle Mayor of Jaipur, said, "We are delighted to partner with Mahindra World City, Jaipur. The social, environmental and health benefits of urban cycling are today universally established. By implementing public bicycle sharing, MWC Jaipur joins the select group of cities around the world which enjoy numerous benefits of cycle sharing and offer healthier streets and workplace environments."

Pink Pedals bicycles at MWC Jaipur have been designed for rider safety and comfort. Features include universal design that is compatible with all kinds of clothing, baskets, mudguards, reflectors and LED lights for night riding. The initial phase of the cycle sharing project at MWC Jaipur will enable 'app-free-riding' for users, with employees of Pink Pedals available at docking stations to assist riders as required. The number of cycles will thereafter be augmented in phases and an integrated app-based sharing system will be rolled out, basis further requirements and demand.

Established in 2006, MWC Jaipur embodies the philosophy of 'Livelihood, Living and Life' and consists of a Multi-Product Special Economic Zone (SEZ), a Domestic Tariff Area (DTA) and planned social & residential infrastructure. The multi-product Special Economic Zone at MWC Jaipur is North India's largest and Rajasthan's first operational SEZ. Companies who have already signed up at MWC Jaipur range from small & mid-sized entrepreneur-driven businesses, to large global & Indian corporations. These include Ball Corporation, Deutsche Bank, Gravita, Infosys, Jaipur Crafts, JCB, KnitPro International, Mahindra & Mahindra, Metlife, Perto, Poly Medicure, TTK Healthcare and Yasen Lighting, among others.

MWC Jaipur has established global benchmarks in sustainable urban development and is focused on holistic growth encompassing local communities and the environment. Sustainable urban practices taken up at MWC Jaipur include energy-efficient green buildings, LED street lighting, solar PV rooftops, LED retrofitting, e-rickshaws, urban tree plantation drives, sewage treatment plants (STP), treated water for landscaping, and low-flow fixtures and fittings. MWC Jaipur is the world's largest project to receive the C40 CPDP Stage 2 certification from C40 Cities - a global benchmark for creating sustainable, carbon positive cities of the future.

Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.365.4 as compared to the previous close of Rs. 367.8. The total number of shares traded during the day was 1633 in over 77 trades.

The stock hit an intraday high of Rs. 369.25 and intraday low of 364.2. The net turnover during the day was Rs. 598676.


Source: Equity Bulls

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