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Reliance’s retail businesses are heading for transformation and for Reliance Retail and Reliance Consumer Products (RCPL) the company is building two growth-boosting platforms.
“First, an Advanced Manufacturing Platform: We are building a manufacturing platform extending from beverages and daily essentials to one of the most unorganised categories – fresh fruits and vegetables,” RIL CMD Mukesh Ambani told shareholders at the Annual General Meeting in Mumbai on Friday (June 19, 2026).
“This category is in urgent need of waste reduction, hygiene promotion, and higher safety standards. We will modernise by bringing our sourcing, cold-chain, and distribution strength to fresh produce,” he said.
“This will give farmers fairer returns, shopkeepers dependable supply, and every family fresher food at fairer prices,” he added.
The company is also building a future-ready garment manufacturing ecosystem which will deliver better-quality garments to customers at the most competitive cost.
“We have created supplier partnerships in 21 pan-India clusters, where these garments will be manufactured. We will also do the same for affordable electronics – from smart eyewear to televisions, smartphones, and connected wearables – with a continued focus on superior customer service,” Mr Ambani said.
Second is an Exports platform
“Our Exports platform is a logical extension of our Manufacturing Platform in Retail. The rapid growth in our consumer brands business in India has given us the confidence to build a strong and scalable global FMCG business,“ Mr Ambani said.
“Our export journey reflects the growing strength of our brands, our competitive product portfolio and our ability to serve diverse consumer needs across global markets,” he added.
‘Want to become India’s largest FMCG companies’
He said RCPL’s near-term ambition is to reach ₹1 lakh crore ($10.5 billion) in revenue by FY30.
“Our long-term ambition is to become one of India’s largest FMCG companies, with a global platform to match,” he said.
Stating that the company has just begun scripting the best of RCPL, he said soon it will be a value-creating engine for Reliance Industries, comparable in scale and profitability to the Retail Business.
“Together, Reliance Retail and RCPL create a uniquely integrated platform spanning manufacturing, distribution, brands, commerce, and consumer relationships,” he said.
“Our ambition for the next decade is not simply to be the world’s largest retailer. It is to be the world’s most intelligent, most humane, and most inclusive consumer ecosystem… one that makes a life of quality and dignity an everyday reality for every Indian,” he added.
Published – June 19, 2026 03:45 pm IST
