Reliance Industries Announces Plans To Take On Amazon In India
Indira Datta - Feb 01, 2019
Reliance Industries intends to build its own online shopping platform for more than 1.2 million shop owners and retailers in western India.
- Delhi Is The World’s Most Polluted Capital City For Three Years In A Row
- Airtel Will Cover COVID-19 Vaccination Costs For Its Employees And Their Families
- Indian Farmers Install High-Tech, Night-Vision CCTV Cameras To Protect Themselves
Reliance Industries is launching its own online shopping platform to create a development society for more than 1.2 million shop owners and retailers in western India. It also offers a challenging plan to bring the world's largest sales channels such as Flipkart and Amazon.com into India's online shopping market.
Mukesh Ambani
The richest person in Asia, Mukesh Ambani, wants to create a combination of the extensive regional retail stores, Jio telecom service, and mobile devices to take on the largest retailers on the planet. Although the e-commerce market in this area is growing at the fastest pace in the world, organized retail is not really popular. The group joins with Flipkart and Amazon to expand the development of e-commerce and enhance online retail organization for customers in this region.
On Friday, Reliance's chairman said that a unique and different trading platform will be launched in Gujarat by the combination of Reliance Retail and Jio. The launch of the platform aims to create growth opportunities and power for 12 lakh (equivalent to 1.2 million) shop owners and small retailers in the region.
Reliance Fresh, one of the major divisions of Reliance Retail
A senior executive from Reliance Retail, V. Subramaniam released data collected during the quarter on Thursday. The data show that Jio currently has a very fast growth rate, nearly 280 million registered users. In addition, Reliance Retail operates with over 10,000 stores in over 6,500 towns and cities in India. Both will work together to bring products to customers through Jio's devices and applications.
India issued a regulation last month, which aims to ban foreign online retailers from selling merchandise of companies they invested, at the same time, prevent the exclusive sale of merchants through their sites. These rules may directly affect the business of Amazon and Flipkart - the online shopping service acquired by Walmart for $16 billion. In contrast, these rules provide certain benefits to Reliance and other local businesses.
Reliance's director unveiled a few details about his upcoming e-commerce development plan. According to one of his statements, the company will use virtual reality, hologram and augmented reality to conduct immersive shopping program.
Featured Stories

ICT News - May 17, 2022
3 Reasons your privacy gets compromised online

ICT News - May 11, 2022
Apple Devices For Sale

ICT News - Apr 12, 2022
Pin-Up Review India 2022

ICT News - Mar 29, 2022
Choosing between a shared and a dedicated server for gaming

ICT News - Mar 18, 2022
How The Internet Came Into Being

ICT News - Mar 17, 2022
The Best Gaming Tech of 2022

ICT News - Feb 16, 2022
Technologies that enable the development of online casinos with live dealers

ICT News - Feb 08, 2022
Remember These Safety Measures While Playing at an Online Casino

ICT News - Jan 18, 2022
Best live casinos in India

ICT News - Dec 09, 2021
Review of Parimatch App - how to download and instal APK?
Read more

Review- Feb 01, 2023
Methods to Prevent Casino Scams as a Beginner
In both online and physical casinos, there are numerous common gambling scams. If you want to keep your money secure while gambling, it's crucial to understand what they are and how to avoid them.

Review- Feb 01, 2023
NewCasinos.com Announces the NewCasinos Awards 2022 Winners
Players were invited to cast their votes in December, and now winners are revealed.
Comments
Sort by Newest | Popular