Mukesh Ambani’s RIL Arm To Build Greenfield Smart City Near Gurugram; All You Need To Know

The new Model Economic Township (MET City) in Gurugram is a smart city as well as a Japan Industrial Township (JIT). Reliance Industries Ltd. (RIL), which is led by Mukesh Ambani, is in the news for a brand-new development endeavor. RIL's Model Economic Township Limited or MET City is currently constructing a top-notch Greenfield Smart City in Gurugram, Haryana, adding to the list of smart cities in India. The MET City project by RIL aims to transform Gurugram's real estate and infrastructure. According to the information that is currently accessible, MET City is a Japan Industrial Township (JIT) and is home to four eminent Japanese companies. Included in this is Nihon Kohden, who just held a groundbreaking ceremony for their MET City plot. The site of Nihon Kohden will additionally serve as MET's largest production plant in India, according to an official statement from the firm. This is anticipated to strengthen MET City's standing as a key industrial area in Haryana. Other well-known Japanese brands in MET City include T-Suzuki, Panasonic, and Denso. Nihon Kohden India Pvt. Ltd. Chief Operating Officer Anil Srivastava said during the groundbreaking ceremony, "With the launch of this new manufacturing unit, our priority continues to be supplying the latest Japanese innovations and quality products in the Indian market. With the help of this facility, we will be able to increase our manufacturing capacity and satisfy the rising demand for haematology reagents in the region. Nihon Kohden has a long-standing commitment to the Indian market, which is strengthened by this action. Since RIL’s MET City is touted as a greenfield smart city as well as an JIT, it is important to understand what that entails. Greenfield Smart Cities  Smart cities are frequently newly constructed urban areas that have been outfitted with the newest technical advancements to accommodate their rapid urbanization. Since it is difficult to integrate such innovations into cities that have been there for a while, new cities are frequently constructed from the ground up in order to achieve smart city status. Such a smart city is a greenfield project, as opposed to a brownfield project, which would include retrofitting an older city with cutting-edge technology to make it a smart city. Greenfield smart cities usually juxtapose eco-friendly elements modern infrastructure to achieve the goals of sustainable development. However, such cities are ambitious projects and come with its set of challenges, the foremost being huge assembling of framework and finding appropriate land. They are often developed by private companies and sometimes state enterprises pitch in with the required land or other resources. According to a number of publications, the Gujarat International Finance Tech City (GIFT), located on the Sabarmati River's banks, is one of the nation's newest greenfield smart cities. The smart city is allegedly also regarded as an International Financial Services Centre (IFSC), where banks, financial service providers, etc. set up their global operations even though it is currently active with more than 200 organizations.