RIL AGM 2020 LIVE Updates: We are accelerating the roll-out of JioMart, says Mukesh Ambani
Speaking at the 43 AGM of shareholders, RIL Chairman Mukesh Ambani said that the company is accelerating the roll-out of JioMart. Here are the other major highlights from Reliance Retail’s business:
• We are India’s largest and most profitable retail business.
• Reliance Retail is the fastest-growing retailer in the world, and the only Indian Retailer to feature in the Top 100 global retailers.
• And we continue to be a partner of choice for marquee international brands.
• Reliance Retail has been at the forefront of bringing about the Organized Retail Revolution in India.
• We do this by partnering with farmers, small and medium-scale manufacturers, merchants, vendors, start-ups and global companies.
• Four things that give me huge satisfaction are: First, more than two-thirds of our nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Second, the deep-rooted bond with tens of thousands of farmers that has helped us source over 80% of our fresh fruits and vegetable directly from farmers. We sell more fruits and vegetables than any other organised retailer in the country. Third, we continue to provide large employment and development opportunities for lakhs of people across India. Fourth, our growth model is based on partnership with small merchants and shopkeepers.
• WhatsApp… which is a FACEBOOK product… is already the platform of choice for Indians and Indian businesses to connect with each other.
• Over 400 million WhatsApp users in India bring unique value to our partnership.
• Jio’s New Commerce platform… JioMart… and Whatsapp will be working closely to create growth opportunities for millions of Indian small merchants and kirana shops…
• And to ensure that consumers are able to transact seamlessly with nearby kiranas using JioMart and WhatsApp.