Business

Mukesh Ambani's RIL To Be New Competitor In E-commerce

न्यूज़ वर्ल्ड इंडिया | 0
545
| October 20 , 2015 , 18:53 IST
Mukesh AmbaniChairman of Reliance Industries Limited (RIL) and India's richest man, Mukesh Ambani is going to enter into the business of e-commerce by end of this year, reports said. According to reports, RIL has plans to launch e-commerce platforms for fashion and electronics by the end of this year. In a statement on October 16, RIL, which owns Reliance Retail, India’s largest brick-and-mortar retail chain, among other businesses, had said “Reliance Retail 2.0 initiatives encompassing fashion and lifestyle e-commerce, development of marketplace platform and building distribution ecosystem for Jio devices are on track and gearing up for rollout in a staged manner.” The 58-year-old business tycoon would be a tough competitor in this market of e-commerce across the country, which is largely run by young entrepreneurs.

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