Reliance Industries Subsidiary Signs Memorandums of Understanding with Haryana State Government for Jhajjar Township Project
Reliance Industries' Subsidiary to Invest Rs 8,646 Crore in Haryana Township Project
Model Economic Township Ltd, a subsidiary of Reliance Industries, has signed two Memorandums of Understanding (MoUs) with the Haryana Government for a total investment of Rs 8,646 crore in its township project at Jhajjar.
The investments will be made by the company and the industries that are setting up their operations in its 8,250-acre project. The Reliance group firm has acquired the land to develop 'Reliance MET City' at Jhajjar, which has already seen the establishment of operations by over 650 companies from 11 countries, including Japan.
The MoUs were signed at the launch of the Government of Haryana's Make in Haryana Industrial Policy 2026, which aims to attract Rs 5 lakh crore in investments and has so far seen MoUs worth Rs 1.10 lakh crore signed. The first MoU was signed by Model Economic Township Ltd as part of the state's broader effort to attract investment, accelerate industrial development, and create employment opportunities within Reliance Met City.
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The second MoU brings together proposed investments from companies that have already taken plots within Reliance Met City and are in the process of setting up their facilities. Collectively, these investments are expected to amount to around Rs 8,646 crore and generate employment for over 33,250 people.
The investments covered under the MoUs span sectors including auto and auto components, electronics, defence, medical devices, footwear, and packaging. The 'Make in Haryana Industrial Policy' is expected to contribute significantly to the state's growth over the coming years, and Reliance MET City continues to play a role in enabling this growth.
| Sector | MoU Value (Rs Crore) |
|---|---|
| Auto and Auto Components | 1,200 |
| Electronics | 1,500 |
| Defence | 1,000 |
| Medical Devices | 800 |
| Footwear | 400 |
| Packaging | 200 |
| Total | 8,646 |
The investments will not only create employment opportunities but also contribute to the state's economic growth. According to Shrivallabh Goyal, CEO and whole-time director of Model Economic Township Ltd, Haryana has steadily built its reputation as one of India's leading investment destinations, and the Make in Haryana policy provides fresh momentum to that journey.
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Investor Takeaway
Reliance Industries' subsidiary is investing Rs 8,646 crore in its township project at Jhajjar, which may attract more investments in the real estate sector.
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