Model Economic Township Limited (METL), a subsidiary of Reliance Industries Limited, on Sunday said that the Japanese company Suzuki (Tsuzuki) is about to set up a manufacturing plant at its premises in Jhajjar, Haryana. METL said in a statement that an agreement has been reached with the Japanese company in this regard. Suzuki will manufacture steering knuckles for the vehicle industry at the said plant.
Suzuki managing director (MD) Eichi Oya said the company would start manufacturing at the new plant in Jhajjar by 2021. This plant will cater to the demand of both domestic and international markets. Suzuki will be the third company in Japan to invest in MET Jhajjar. Earlier two other Japanese companies Panasonic and Denso have invested in it.
Shri Vallabh Goyal, Chief Executive Officer (CEO) and full-time director of METL said that Suzuki India’s investment will improve trade relations between India and Japan. The development of MET will not only lead to economic development in the area, but will also create employment opportunities for the local residents. Goyal said that ten companies including Panasonic, Denso, Reliance Retail, Allcargo, Bati India, Indo Space, Tirupati and Amber have already started operations in Jhajjar. Construction of some more companies is in progress. Apart from these, more than 170 companies have signed agreements to set up their manufacturing units.
