Planet Retail 13 Jun 2008

Speaking at the company's annual general meeting, the chairman of Reliance Industries in India, Mukesh Ambani, has said that the group's retail business will generate more than half a million jobs in the next five years. "We have now grown to nearly 700 stores, comprising fourteen distinct formats, across 60 towns and cities," Ambani said adding that "the Reliance Fresh format, which was the first format launched by the retail venture has grown to nearly 600 stores."

With a view to retain talent, Reliance will nurture home-grown talent, besides hiring top talent from premier technology and management institutions, Ambani said. "Reliance Retail is well on track to create significant value creating platform, generate employment opportunities and trigger a socio economic transformation particularly in rural India," Ambani added.

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