×
201
Fashion Jobs
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Online Sales &Amp; Merchandising Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
PANTALOONS HO
Manager - Digital Marketing - Mumbai
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Buying, Peter England- Bangalore
Permanent · BENGALURU
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA

Reliance Industries approves massive investment as Mukesh Ambani prepares for e-commerce platform launch

Published
today Oct 29, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The board of Reliance Industries has approved a Rs 1.08 lakh crore ($15 billion) investment that will go towards the creation of its e-commerce platform in India.

Mukesh Ambani is moving towards launching expanded e-commerce services


The board has approved a Rs 1.08 lakh crore investment into a digital-services holding company that will be a fully owned subsidiary of the business. The funds will then be invested into Reliance Jio Infocomm Ltd as the business prepares to launch its own e-commerce platform, ET Bureau reported. 

“Given the reach and scale of our digital ecosystem, we have received strong interest from potential strategic partners,” said Ambani in a statement, reported by ET Bureau. “We will induct the right partners in our platform company, creating and unlocking meaningful value for RIL shareholders.”

Reliance Industries announced on October 25 that the investment, which will be channeled into Reliance Jio, will make the business’ telecommunications arm almost debt free by March 2020. The business aims to create a multi-brand e-commerce platform to rival the country’s e-commerce giants Flipkart and Amazon. The plan marks Reliance Industries’ general move towards digital services for its future growth. 

Copyright © 2019 FashionNetwork.com All rights reserved.