Mukesh Ambani plans to give stiff competition to Amazon India, Flipkart

Gandhinagar: Mukesh Ambani, chairman and managing director, Reliance Industries (RIL), said at 9th Vibrant Gujarat Global Summit 2019 (VGGS) on Friday that his company will soon launch an e-commerce platform very soon.

“The new e-commerce platform will empower and enrich our 12 lakh small retailers and shopkeepers in Gujarat,” Ambani said on Friday, while attending the summit.

Mukesh Ambani plans to give stiff competition to Amazon India, Flipkart

Ambani, Asia’s richest man, plans to take on the world’s largest retailers by combining his Jio telecom service, mobile services, and a vast physical retail network. The offline-to-online platform will probably be launched across India in about 12-18 months of time.

The business tycoon will be the latest to join the e-commerce sector. He will very soon be joining Amazon and Flipkart in expanding the world’s fast growing major e-commerce market.

The e-commerce platform was one of the major initiatives outlined by Mukesh Ambani, who said these also align with Gujrat’s future development model.

Reliance currently owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India. Also, Reliance Jio is the world’s largest data network, as per Mobile Data Consumption numbers.

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