The India's richest person Mukesh Ambani said on Friday, at 9th Gujarat Summit, that his company Reliance Industries Limited (RIL) is going to launch its e-commerce platform in Gujarat. This is going to be a challenge for popular e commerce sites such as Amazon and Flipkart. 12 lakh retailers and store analysts believe that Reliance's e-commerce platform can challenge big-money Petty M Mall, funded by Walmart Inc.-controlled Flipkart, Amazon.com Inc., and Alibaba Group Holding Limited.
Ambani said at the inauguration ceremony of Vibration Gujarat, "Reliance Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 12 lakh small retailers and shopkeepers in Gujarat, which has more than 30 million communities in India.
RIL Pvt. Ltd has a formidable physical presence with 4,000 Reliance retail stores, around 50 warehouses and 4,000 Reliance Jio outlets in the country, which will now be more than 10,000. Mukesh Ambani said that "Gujarat is the birthplace of Reliance (birthplace) and it also has its work place (work place). It will always be our first choice.
Reliance Industries has invested billions of dollars in Telecom Venture Geo. Ambani said, "We have invested about Rs 3 lakh crore in Gujarat so far ... and have created more than one lakhs livelihood opportunities in the state. Compared with the previous decades, Reliance will double the number of investments and jobs in the next 10 years. "
So, guys what do you think about this. Will it beat the Amazon and Flipkart in India. Drop down your comments and do like and follow for more such updates.