After
a long-drawn settlement of the family feud, Reliance Industries is back to business.
And it is now focusing on its business expansion and portfolio diversification.
Mukesh Ambani, Chairman of Reliance Industries, has made a smart move in this
regard by setting a target of Rs. 25,000 cr to invest in retail sector. A few
months back, the Indian government opened the gateway, allowing foreign investors
to invest up to 51% in single branded shop which is still opposed by different
sections of the business community. The day is not far off when the international
retail players like Wal-Mart will enter the retail sector and other small players
will find it difficult to compete. In this situation, the question that arises
is how Indian players like Reliance will compete with the foreign players.
Analysts
opine that it may compete for the same as it has strong financial backups and
has already recruited 2000 professionals and is expected to recruit another 8000
people very shortly. Over the next few years, the number of employees is expected
to increase to five lakhs who will be trained in different product, technologies,
customer service and behavioral traits. |