Reliance Subsidiary Inks Rs 8,646 Crore MoUs, To Invest in Jhajjar Township Project

New Delhi, June 3: Reliance Industries subsidiary Model Economic Township Ltd has signed two 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 RIL group firm has acquired the land to develop ‘Reliance MET City’ at Jhajjar. Already, more than 650 companies from 11 countries, including Japan, have established operations in the integrated smart city.

Make in Haryana Industrial Policy 2026

In a statement on Wednesday, Model Economic Township said it has signed two Memorandums of Understanding (MoUs) at the launch of the Government of Haryana’s Make in Haryana Industrial Policy 2026.

On Monday, Haryana Chief Minister Nayab Singh Saini launched the ‘Make in Haryana Industrial Policy’, setting a target of attracting Rs 5 lakh crore in investments and MoUs worth Rs 1.10 lakh crore were signed.

As per the statement, 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.

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,” it added.

Shrivallabh Goyal, CEO and whole-time director of the company, said 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.

“The investments represented through these MoUs are not merely commitments on paper. They represent new factories, expanded operations, employment opportunities and economic activity that will contribute to the state’s growth over the coming years. We are pleased that Reliance MET City continues to play a role in enabling this growth,” Goyal added.

The investments covered under the MoUs span sectors including auto and auto components, electronics, defence, medical devices, footwear and packaging.

(with inputs from PTI)