Reliance Industries Limited (RIL) has announced an investment of around Rs.40 billion in agri-retail and gas. RIL would start an agri-retail chain business across West Bengal, besides bringing natural gas from Andhra Pradesh to Haldia, the port of West Bengal. The proposed agri-retail chain business will help link the farmers to the consumers and will transform agri-business to agro-processing business. Out of the proposed Rs.40 billion, the Mukesh Ambani-promoted group plans to invest almost Rs.20 billion within the next three years itself. However, the land requirement for setting up the agri-retail business is yet to be finalized.
For complete IIPM article click here
Source:- IIPM Editorial, 2006,
Editor:- Prof. Arindam Chaudhuri