Saturday, August 15, 2020
News

Japanese firm Tsuzuki to set up manufacturing unit in Reliance's Model Economic Township in Jhajjar

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | July 12, 2020 11:11:54 AM IST
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.

The Japanese multinational company will manufacture steering knuckle for the automobile industry.

MET has been recognised by the Government of Japan as one of the 12 sites for the development of Japanese Industrial Township. Tsuzuki India is the third Japanese company after Panasonic & Denso to invest in MET.

Eiichi Oya, Managing Director of Tsuzuki, informed that the company will start manufacturing in the new unit by 2021 in Jhajjar. He also said that the parts will be manufactured in this unit for both domestic and export market.

Shrivallabh Goyal, CEO and Whole Time Director of METL 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 residents.

At present, ten companies, including Panasonic, Denso, Reliance Retail, Allcargo, Bati India, Indo Space, Tirupati and Amber have already started operations, and construction work of few more companies are under progress.

MET has international companies from Japan, Korea, France etc already on board who have invested for their units here. The government is also working for the economic development of the area, which includes important works like transport facility, availability of water and expansion of roads.

In addition to this, more than 170 companies have signed an agreement to set up their manufacturing units. Currently, more than 5000 people are employed in the companies in Model Economic Township.

The entry of more companies in the area is expected to create job opportunities for 5000 youth every year. It will also create opportunities for self-employment, which will result in the economic development of the area. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
When streets turn less fatalistic, Pak t...
I-Day celeberations: Beating retreat, BS...
Expansion of NCC in 173 coastal and bord...
Every village to be connected with optic...
Move forward with 'Make for World' mantr...
Telangana: CCS Shamshabad team apprehend...
More...    
 
 Top Stories
Want to emulate the way Harmanpreet... 
Beijing wholesale market reopens as... 
Independence Day celebrated in Odis... 
US confiscates Iranian fuel from Ve... 
Pankaj Tripathi: Films can't alter ... 
Facebook begins merging Instagram, ... 
3 rockets hit Baghdad airport... 
Closure of sole commercial crossing...