Reliance Retail, one of the largest organized retail company in the country, has recently announced its plan to enter the cash and carry business.
The spokensperson from, Mukesh Ambani-led Reliance Industries, said its retail arm Reliance Retail is entering into this cash and carry business by opening at least three outlets in the next couple of months.
The company has already identified locations and work is on for the construction of the outlets with an area spread over 1.5 lakh square feet each.
Reliance Retail has made rapid progress towards building an entire value chain starting from the farmers to the end consumers. Reliance Retail currently operates 15 formats such as Reliance Fresh, Reliance TimeOut, Trendz and Digital and Jewels, among others.
Cash-and-carry would be the sixteenth format that would sell goods to those with a sale tax certificate such as modern retailers, fruits and vegetables re-sellers, restaurants and hotels and small mom and pop and kirana stores.
– IndiaRetailing Bureau