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Reliance-mart!!

Taking a cue from the highly successful Wal-Mart chain stores, Reliance Industries or rather Mukesh Ambani is planning to do a Wal-Mart kind of magic in India by opening "big" retail outlets in major cities in India in the near-term. As is always the case with Reliance, one can be rest assured that it's going to be in a "big" way and will fuel the rendition of many jobs. Reliance is planning to have all the major brands available and is going to own every retail store rather than leasing it out to local merchants. And how much they are spending for it?? A whopping Rs. 30,000 crore!!

Maoj Modi, one of the top liuetenants of Mukesh is roped in to head this project according to some section of media. Not to be left behind, Anil Ambani has also vast plans for his new empire and is reportedly pumping in some 3,000 crore rupees from his personal wealth as CapEx for his latest ventures.

PS: Am not sure why I am suddenly blogging only about Reliance, but I think you can't just ignore a company that has a marketcap of more than 1 million crore rupees!!

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