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Reliance Industries’ retail arm to launch its e-commerce portal: Report

10 Mar 2015 Evaluate

Reliance Industries’ retail arm -- Reliance Retail – is reportedly all set to launch its e-commerce portal in April/May. In this regard, hiring is on in full swing to put together a 2,000-strong e-commerce team along with an 8,000-10,000 team for delivery, supply chain and logistics, sources familiar with the company’s plans told BusinessLine.

The launch of the portal was earlier scheduled for the third quarter of FY-2015. The reason for the delay is because the company wants to wait until the roll-out of Jio’s 4G LTE services across the country, which will allow hundreds of thousands of Indians access digital commerce services from their mobile phones itself.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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