RIL, IL&FS rope in Japan govt for study on township project

Evincing keen interest in investing in the Reliance Industries-promoted 10,000 acres industrial township in Haryana, the Japanese government is sponsoring a feasibility study to formulate appropriate business models.

The Model Economic Township at Jhajjar, Haryana, is being promoted by Reliance Industries, IL&FS and HSIIDC. The total investment envisaged in the project is Rs 15,000-20,000 crore.

"The Japanese government, through Ministry of Trade and Industry (METI), is sponsoring a feasibility study on building a 'Smart Community' at the proposed Model Economic Township in Jhajjar, Haryana," IL&FS said in a statement.

The study will be conducted by a consortium led by Mitusi along with Toshiba Corporation, Tokyo Gas, Energy Advance, NEC Corporation, Panasonic Corporation, Tokyo Engineering Corporation and Mitsui & Co. Plant Systems.

A Memorandum of Undertaking was signed today with IL&FS to assist the consortium in its initiative.

The township is being especially positioned for Japanese corporates through the provision of high quality infrastructure and services of global standards.

Several Japanese majors have shown keen interest in setting up their high end operations in the township. These include Mitsui and Panasonic amongst several others.

The sponsored study is a validation of the keen interest of Japanese corporates in the township as well as in Haryana, the statement said.

In addition to master planning, the study will primarily focus on the fields of energy, water supply, Information and Communication technology (ICT), security systems & eco- friendly housing.

"The objective is to assess the needs, determine the applicable technology and formulate appropriate business models for delivery," the statement said.