Mumbai, Dec 23 (IANS): The Bloomberg Square Mile Relay will return to the city for the second time on March 6 next year, a statement said.

The internationally-renowned annual event, which also takes place in 11 other cities across the world, will see the city's top businesses to come together, as teams of ten employees each take turns to run the unique one-mile (1.6km) route at Jio Garden, BKC, all in a bid to be crowned the fastest company in the city.

The focal point of the race is to make an important and meaningful contribution to the city in a bigger and better way, through the charity arm of the event called The Extra Mile, the statement said.

This year's race saw over $20,000 donated to support livelihood programs through the event's charity partner Magic Bus, working in some of the toughest communities in Mumbai to give young people the tools and resources to get employed.

The 2020 event will see 25% of team entry fees donated to another important local cause, focused on using the power of sport to make a lasting difference to the lives of people in the city.