"Reliance Haryana SEZ Limited on Friday returned 1,383.68 acres of land in Gurgaon acquired from HSIIDC for setting up SEZs due to revision of strategic priorities," the company said.
RHSL is a joint venture between Reliance Ventures Ltd, RIL's wholly-owned subsidiary, and Government of Haryana through HSIIDC.
The JV was established for development of SEZs/Model Economic Township project and other infrastructure facilities in Haryana.
HSIIDC has also exited the JV and the project, it said.
The Model Economic Township project will continue to be developed in the Industrial Model Township framework on the directly-purchased land.
The development work has been started over 290 acres as an Industrial Colony.
Companies such as Panasonic and Denso have established their manufacturing units in the MET Project, the statement said.
RIL had on December 12, 2005 entered into an MoU with HSIIDC (a Government of Haryana-owned company) for development of a large multi-product
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