Isha Ambani Is Introduced By Mukesh Ambani As The Head Of Reliance's Retail Business

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Isha Ambani Is Introduced By Mukesh Ambani As The Head Of Reliance's Retail Business
30 Aug 2022
min read

News Synopsis

On Monday, Mukesh Ambani appointed his daughter Isha Ambani as the head of the retail business of the Reliance Group, a further indication that the billionaire is moving through with a plan for succession in one of Asia's wealthiest families. Following Akash Ambani's appointment as chairman of the telecom division, Reliance Jio Infocomm, in June, that statement was made.

Isha Ambani gave a presentation on placing online grocery orders using WhatsApp and making payments at the 45th Annual General Meeting of Reliance Industries after being introduced as the company's leader. She also announced that Reliance Retail would start an FMCG (Fast Moving Consumer Goods) business.

According to her, the goal of this company is to create and deliver products that address the daily needs of every Indian while maintaining reasonable rates. Additionally, Reliance Retail will begin selling products made by Indian craftsmen.

Isha Ambani stated, "As part of our commitment to India's rich culture and heritage, we will soon start marketing quality goods produced by tribals and other marginalized communities across India,"

In addition to giving people a profitable chance for employment and entrepreneurship, this will also aid in the preservation of the skills, expertise, and ability of Indian artisans, particularly women. Reliance Retail has added more than 2,500 stores this year to bring its total to over 15,000, covering a 42 million sq ft operational area.

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