Tsuzuki to set up plant at 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.
METL has confirmed that Tsuzuki will manufacture steering knuckle for the automobile industry at Reliance METL in Jhajjar.
Tsuzuki MD Eiichi Oya said, “the company will start manufacturing operations in the new unit in Jhajjar by 2021 and the plant would cater to both domestic and international markets,”
Tsuzuki is the third Japanese company after Panasonic and Denso to invest in MET Jhajjar, which is one of the 12 sites identified by the Japanese government to develop industrial townships in India.
Shrivallabh Goyal, Model Economic Township Limited (METL) CEO and whole-time Director 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 local residents”, he added.
Ten companies, including Panasonic, Denso, Reliance Retail, Allcargo, Bati India, Indo Space, Tirupati and Amber have already started operations at Jhajjar and construction work of few more companies are under progress, Goyal said.
In addition, more than 170 companies have signed agreement to set up their manufacturing units, he added.
