Reliance Retail In Expansion Mode

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Reliance Retail, the unlisted and wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries, is planning to expand its presence in India. It has also plans for entering into new strategic alliances.

"I am pleased to report that we have done extraordinarily well, despite the tough economic conditions. Having achieved critical scale, Reliance Retail is now working on expanding its coverage. This expansion would encompass new cities, new markets and new strategic alliances”, said Mukesh Ambani, while talking at 35th Annual General Meeting of the company.

Concurrently, “Reliance Retail would focus on continuously innovating to enrich the shopping experience, through customised offers, private labels and 'value-for-money' merchandise”, he added.

"We are developing an ecosystem, which will strengthen our offering, while bringing wealth to our stakeholders, primarily marginal farmers, small transporters and vendors," Ambani said.