Japan-based general trading firm Mitsui and consumer durable maker Panasonic are likely to come up with their projects at the Model Economic Township (MET), proposed to be developed by Reliance Haryana SEZ at Jhajjar.
"They (Reliance Haryana SEZ) have informed us that Panasonic and Mitsui will undertake their projects at MET which will come up at Jhajjar," a senior official of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) said here.
Reliance Haryana SEZ, a joint venture between Reliance Ventures Ltd (subsidiary of Reliance Industries) and HSIIDC.
As per the proposal, Panasonic will develop its white goods manufacturing unit over 70 acres of land while Mitsui will have its logistic park to be spread over 375 acres of land, he further said. However, the official said, he is ignorant about the investments details of these projects.
Haryana government is also very keen on the commencement of the much publicised Reliance Industries's project as it has already given its in principle approval to the MET proposed to be developed at Jhajjar.
"We will ask the promoters what kind of infrastructure like road connectivity they will require for their MET and we will then provide them. Once these two companies set up their projects at MET, other companies will also be interested in investing here," he said.
The Mukesh Ambani-led Reliance Industries plans to bring in strategic partners in Haryana SEZ to capitalise on the investment potential in this project.
"Promoters are also in talks with Infrastructure Leasing & Financial Services for development of this township," he said.
However, when contacted Reliance spokesperson said, "We are progressing in various stages of project development and as a company policy will not be able to comment on any specific aspect or transaction."
Reliance in its revised business plan submitted to Haryana government has decided to develop MET at Jhajjar.
The company has so far bought 7,001 acres of land in Jhajjar district and about 1,200 acres and 1,383.68 acres of HSIIDC land in Gurgaon.
Reliance Haryana SEZ was originally meant to come up on 10,000 hectares, but the size of the venture was cut down to 5,000 hectares after the government put a cap on land acquisition for such projects.
RIL and Haryana government had entered into a deal in 2006 for setting up the multi-product SEZ in Jhajjar and Gurgaon.
