Mukesh Ambani, who has been a major player in the oil and telecom sectors, has fallen in the e-commerce sector. Mukesh Ambani, head of Reliance Industries, announced at a glittering Gujarat event on Friday that Geo and Reliance Retail will launch a new e-commerce platform soon.
Geo, together with retail ..
Earlier, he said the online platform for 12 lakh retailers and store owners in Gujarat will be brought in. Their geo stores and retail networks will be used for this purpose. In the domestic online market, American giant Amazon's subsidiary, Amazon India, is the country's second-largest supplier of Flipkart in Walmart. At present, Geo has 28 million customers, and Reliance retail is home to nearly 6,500 cities and towns across the country. Reliance retail superintendent V. Gopalakrishnan said that GeoApps will link vendors through mobile phones. Subramanian was informed about the results.
Not in July ..
The new regulations released last month will also be useful for Reliance. According to the latest regulations, e-commerce companies with foreign investment will not be able to sell products of their shareholders. Analysts believe that it will affect Amazon and Walmart (Flipkart buyer) operations. At the same time, a local company like Reliance seems to benefit. While it was announced in July last year, Ambani has been reported to be in the forefront of forecasts.
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