Reliance MET City: Latest Developments & Growth Highlights

Reliance MET City, a flagship project of Model Economic Township Limited (METL), a subsidiary of Reliance Industries Limited, has shown significant growth and development. Here's a summary of its latest developments and growth highlights:

Financial and Business Growth:

• Significant Growth: In the financial year 2023-24, MET City reported a remarkable 60% growth. This included a 93% increase in industrial plot bookings and a 70% increase in residential plot bookings.

• Investment and Employment: The project has seen over ₹20,000 crores in committed investment from METL and other units, leading to the creation of more than 48,000 jobs.

• International Presence: The township has attracted over 570 companies from more than 10 countries, including Germany, Sweden, South Korea, and Japan. It is the only Japan Industrial Township (JIT) in Haryana, with six Japanese companies established there.

Key Projects and Infrastructure:

• Manufacturing Hub: MET City is becoming a major manufacturing hub with several notable companies setting up facilities. These include:

  • SAAB of Sweden: Groundbreaking for India's first 100% FDI defense manufacturing facility to produce the Carl Gustaf Weapon system.

  • BEUMER India (Germany): A new manufacturing plant for material handling solutions, with an investment of over ₹2 billion and a plan to create 750 jobs.

  • Boditech Med (South Korea): A diagnostics firm has inaugurated its first plant in the city.

  • Nihon Kohden (Japan): Building its largest manufacturing facility in India.

  • Other major companies: Panasonic, Denso, Hamdard Group, and Reliance Retail have also established or are in the process of setting up facilities.

• Connectivity and Infrastructure: The city is designed with "plug-and-play" infrastructure. Key features include:

  • Road Network: Direct access to the Kundli-Manesar-Palwal (KMP) Expressway and major highways.

  • Rail Connectivity: A planned Private Freight Terminal (PFT) with a direct rail link to the upcoming Dedicated Freight Corridor (DFC) will facilitate cargo movement.

  • Utilities: It has a dedicated 220 KV GIS substation for 24/7 power, a 100 MLD water allocation from the NCR channel with a state-of-the-art water treatment plant, and a robust telecommunication network by Jio.

Sustainability and Social Development:

• Green Initiatives: Reliance MET City has been awarded the IGBC Platinum Rating for "Green Master planning & design and Green Policy initiatives," making it one of India's largest IGBC Platinum-Rated greenfield smart cities. The city incorporates features like Miyawaki forests, rainwater harvesting, and solar power.

• Integrated Township: The project is a self-contained city with a "walk-to-work" concept. It is developing social amenities such as schools, healthcare facilities (a hospital is in the works), retail centers, and residential plots.

• Community Engagement: Through collaboration with the Reliance Foundation, MET City organizes health camps and skill training programs to benefit the local community.