New Delhi, Gurugram, July 12, 2020: Tsuzuki, a Japanese company, has agreed 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 with ISO9001:2015 and IATF16949 certification will manufacture Steering Knuckle for the automobile industry.
· Tsuzuki is the third Japanese company to invest in Jhajjar
MET has been recognized 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.
· Panasonic and Denso have already invested here
Mr. Eiichi Oya, Managing Director of Tsuzuki, informed that the company will start manufacturing in the new unit by 2021 in Jhajjar. He also said, the parts will be manufactured in this unit for the both domestic and export market. Mr. Oya appreciated the efforts of both the Haryana government and Reliance MET for timely and smooth processing of documentation.
· Japanese government wants to develop Japanese industrial township here
Mr. Shrivallabh Goyal, CEO & 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.
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Currently, 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 in 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 will 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.