Reliance Industries to open food store in city

Company to invest Rs. 25,000 crores in retail sector

New Delhi: Kicking off its Rs 25,000 crore mega retail plans, Reliance Industries announced on Friday that its first store will come up in Hyderabad next month, which will be a vegetable and food store.

"We will be opening our first store in Hyderabad in September and this will be a very large store with food, vegetables and staples," Reliance Retail President and Chief Executive (Operations and Strategy) Raghu Pillai told reporters on the sidelines of a CII conference.

The firm had announced investment of Rs 25,000 crores in the retail sector in June and said that it would list the company subsequently.

He said the company had plans to spread to other parts of the country . PTI

Recommended for you