Model economic township limited - Latest News Update, Information, Photos & Videos on Model economic township limited at Lokmat Times

Tsuzuki, a Japanese company, has entered into an agreement with Model Economic Township Limited (METL), a subsidiary of Reliance Industries Limited, to set up a manufacturing unit in Reliance MET, Jhajjar.The Japanese multinational company will manufacture steering knuckle for the automobile industry.MET has been recognised by the Government of Japan as one of the 12 sites for the development of Japanese Industrial Township. Tsuzuki India is the third Japanese company after Panasonic & Denso to invest in MET.Eiichi Oya, Managing Director of Tsuzuki, informed that the company will start manufacturing in the new unit by 2021 in Jhajjar. He also said that the parts will be manufactured in this unit for both domestic and export market.Shrivallabh Goyal, CEO and Whole Time Director of METL said the investment by Tsuzuki India will improve trade relations between India and Japan.The development of MET will not only bring economic development in the area but also create job opportunities for the residents.At present, ten compes, including Panasonic, Denso, Reliance Retail, Allcargo, Bati India, Indo Space, Tirupati and Amber have already started operations, and construction work of few more compes are under progress.MET has international compes from Japan, Korea, France etc already on board who have invested for their units here. The government is also working for the economic development of the area, which includes important works like transport facility, availability of water and expansion of roads.In addition to this, more than 170 compes have signed an agreement to set up their manufacturing units. Currently, more than 5000 people are employed in the compes in Model Economic Township.The entry of more compes in the area is expected to create job opportunities for 5000 youth every year. It will also create opportunities for self-employment, which will result in the economic development of the area.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Ram Navami 2024

Dubai Rains

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Model Economic Township LimitedFOLLOW

Model economic township limited, Latest News

National :Reliance Met City emerges as new hub of economic development in Haryana in FY 2022-23

Gurugram (Haryana) [India], May 3 : Reliance MET City, North India's fastest-growing integrated smart city in Haryana, had "a ... ...

National :Hamdard signs agreement with Reliance MET city to build Food Park Cluster in Haryana's Jhajjar

Model Economic Township Limited, a subsidiary of Reliance Industries Limited (RIL) on Thursday said that it is developing a ... ...

National :IndoSpace and METL's joint venture acquires 55 acres in Farukhnagar

IndoSpace, India's largest developer and manager of Grade A industrial real estate and logistics parks, on Wednesday announced the acquisition of 55 acres of land at Farukhnagar in Haryana. ...

National :Japanese firm Tsuzuki to set up manufacturing unit in Reliance's Model Economic Township in Jhajjar

Tsuzuki, a Japanese company, has entered into an agreement with Model Economic Township Limited (METL), a subsidiary of Reliance Industries Limited, to set up a manufacturing unit in Reliance MET, Jhajjar. ...