Reliance Industries' subsidiary Model Economic Township Ltd (METL) has signed two Memorandums of Understanding (MoUs) with the Haryana Government involving a total proposed investment of Rs 8,646 crore in its integrated township project at Jhajjar.
The investment commitments include contributions from both the company and various industries that are establishing operations within its sprawling 8,250-acre development. The Reliance group firm is developing the project, known as Reliance MET City, in Jhajjar. The integrated smart city has already attracted more than 650 companies from 11 countries, including Japan, which have either established operations or are in various stages of setting up facilities there.
In a statement issued on Wednesday, Model Economic Township Ltd said the two MoUs were signed during the launch of the Haryana Government's 'Make in Haryana Industrial Policy 2026', aimed at boosting industrial growth and investment across the state.
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Earlier this week, Haryana Chief Minister Nayab Singh Saini launched the new industrial policy, setting an ambitious target of attracting investments worth Rs 5 lakh crore. During the event, investment agreements and MoUs amounting to Rs 1.10 lakh crore were signed.
According to the company, the first MoU was executed by Model Economic Township Ltd as part of the state's broader initiative to encourage investment, accelerate industrial development and generate employment opportunities within Reliance MET City. The second MoU encompasses proposed investments from companies that have already acquired plots in the township and are currently in the process of establishing their manufacturing and business facilities.
The company said the combined investments under the two agreements are expected to reach approximately Rs 8,646 crore and create employment opportunities for more than 33,250 people. Shrivallabh Goyal, Chief Executive Officer and Whole-Time Director of METL, said Haryana has emerged as one of India's most attractive investment destinations and that the Make in Haryana policy would further strengthen the state's growth trajectory.
"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 said.
The proposed investments span a wide range of sectors, including automobiles and auto components, electronics, defence manufacturing, medical devices, footwear and packaging, reflecting the township's growing industrial diversification.
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