May 25, 2024

Business

Model Economic Township Limited a subsidiary of Reliance Industries

Kaumimarg Bureau | March 06, 2024 06:08 PM

Model Economic Township Limited  a 100% subsidiary of Reliance Industries Ltd, stands as an epitome of excellence, crafting a state-of-the-art Integrated Business City sprawled across 8, 250 acres in Jhajjar district near Gurugram, Haryana. This visionary endeavour has attracted more than 480 national and international corporations, solidifying its status as a premier business hub.

Backed by top-notch plug-and-play infrastructure, MET City boasts a strategic location with unrivalled connectivity to the Delhi National Capital Region . The completed trunk infrastructure includes a 220 kV substation, cutting-edge water treatment facilities, an extensive water distribution network, well-planned road networks, and meticulous landscaping. This unwavering commitment to quality has propelled MET City into one of India's largest Indian Green Building Council Platinum Rated Greenfield Smart Cities.

Mr. SV. Goyal, CEO & WTD of MET City said “With its Plug-n-Play infrastructure, IGBC Platinum rated certification and companies hailing from 9 different countries, MET City has emerged as a premier business destination of India attracting investments from diverse sectors. It is a pioneering project in sustainable development with over Rs. 8, 000 Crore investment already committed. Presently, MET City holds licenses for over 2200 acres’ land, and the project has already provided employment to more than 40, 000 individuals. Recently we welcomed Saab from Sweden marking a significant milestone in our journey of inviting key global companies toe MET city. Saab as India's first 100% FDI approved defence manufacturer will not only strengthen our resolve for delivering best-in-class infrastructure but will also establish MET City as a preferred location for doing business for global companies.”

The project has emerged as a key driver of economic growth in the state and the region. It currently provides direct employment to over 40, 000 individuals across 49 operational companies and more than 130 companies under construction and counting. It will become one of the largest projects for employment generation in India. The consistent growth in employment figures reflects the city's dynamic role in shaping the economic landscape of the region.

Reliance MET City hosts companies from 9 different countries in various sectors. As one of the rapidly expanding business hubs in North India, it stands out as a preferred destination for industries across sectors like defence, engineering, electronics, auto components, medical devices FMCG, footwear, plastics, consumer products, and many others.

It stands as the sole Japan Industrial Township  in Haryana, accommodating 6 Japanese companies from electronics to auto-components to medical devices. The project also has 6 companies from South Korea and multiple companies from Europe.

MET City regularly receive several prestigious awards. These accolades highlight MET City's dedication to sustainable and integrated urban development as well as commitments towards community. Some of the awards, it has received so far are:

Most Sustainable City award by FICCI 2023,
Best Integrated Business City Award by NAREDCO,
Most Trusted Brand of the Year award by Team Marksmen.
Integrated Township of the Year award by Times Real Estate,
Brand Award by The Brand Story,
the Urban Planning and Design Excellence award by NAREDCO.
Best Innovative CSR Project – CSR Summit & Awards 2023
Company is also dedicated to community development and skill training initiatives. In collaboration with Reliance Foundation, it regularly organizes health camps and skill training programs. Additionally, it has established training centres to cultivate a skilled workforce and offer educational coaching to local children. MET City’s ongoing efforts aim to position Jhajjar as one of Haryana's fastest-growing economic destinations.

With an infrastructure that adheres to global benchmarks, Reliance MET City provides a distinctive "Walk to Work" advantage, elevating its attractiveness for astute businesses and professionals. More than just a location, MET City represents a dynamic ecosystem that actively shapes the course of sustainable urban development and lays the groundwork for global business excellence in the future.

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