IndiaRetailBiz

Reliance Retail, a retail initiative of Mukesh Ambani-led Reliance Industries, which in the past has faced many political hurdles in West Bengal, may afterall revive its retail business in the state “in a
major way” according to Tarun Jhunjhunwala, President of Reliance Industries, who was speaking to reporters in Barasat (WB).

“We are currently working on how best we can come back to the state in a major way. It’s all currently on the drawing board,” said Jhunjhunwala.

Reliance Retail, which is present through Reliance Fresh and Reliance Digital retail chains, may be required to even buy real estate in the state as it has already run out of space.

“We have exhausted the space for our Reliance Fresh format and so if we plan to expand this format, we have to buy real estate,” said Jhunjhunwala.

Reliance is also hopeful of settling its dispute with local authorities soon to develop its stalled project of reviving municipal market at Park Circus in Kolkata. “The company was now at an advanced stage of negotiation with the authorities to settle the dispute,” said Jhunjhunwala.