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Reliance Industries subsidiary Model Economic Township Ltd (METL) has entered into two memorandums of understanding with the Government of Haryana, committing a combined investment of INR 8,646 crore for its integrated township project in Jhajjar. The agreements, announced during the launch of Haryana’s Make in Haryana Industrial Policy 2026, include investments from companies operating within the 8,250-acre Reliance MET City. The initiative is expected to generate over 33,000 jobs and spans multiple manufacturing sectors including automotive, electronics and medical devices
New Delhi, June 3: Model Economic Township Ltd (METL), a subsidiary of Reliance Industries, has signed two separate memorandums of understanding with the Government of Haryana, outlining proposed investments totalling INR 8,646 crore in its large-scale integrated township project located in Jhajjar district.
The agreements were formalised during the rollout of the state’s Make in Haryana Industrial Policy 2026, which aims to position Haryana as a leading investment destination and accelerate industrial expansion across key manufacturing clusters. As part of the policy launch, the state government announced an ambitious target of attracting INR 5 lakh crore in investments, alongside MoUs collectively valued at INR 1.10 lakh crore across various sectors.
METL’s commitments are linked to its 8,250-acre Reliance MET City project, an industrial township developed to host manufacturing and services enterprises within a single integrated ecosystem. According to the company, more than 650 firms from 11 countries, including Japan, are already operating from the development, reflecting its growing role as an international industrial hub.
The first agreement involves METL’s direct participation in Haryana’s investment promotion framework, while the second consolidates proposed capital inflows from companies that have already acquired land parcels within the township and are in various stages of establishing their facilities.
Together, these investments are projected to generate employment for over 33,250 people once the projects become operational. The capital inflows are expected to span sectors including automobile and auto components, electronics manufacturing, defence production, medical devices, footwear and packaging industries.
Shrivallabh Goyal, chief executive officer and whole-time director of the company, stated that Haryana has strengthened its position as a preferred investment hub over the years, and the newly introduced industrial policy is expected to further enhance investor confidence and industrial activity in the state. He added that the investments represented under the MoUs are intended to translate into tangible industrial expansion, including new production facilities, capacity enhancement and job creation within the township over the coming years.
METL noted that Reliance MET City continues to serve as a key platform for industrial growth, enabling companies to establish operations within a planned infrastructure environment supported by integrated utilities and connectivity. The township model, the company said, is designed to facilitate faster project execution and improve ease of doing business for manufacturing enterprises.
The agreements come at a time when state governments across India are intensifying efforts to attract large-scale industrial investments through policy incentives, infrastructure development and streamlined approval processes. Haryana’s latest policy initiative is expected to further strengthen its positioning in the manufacturing investment landscape, particularly in northern India.
Source PTI
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