Reliance to launch FMCG business this year, Isha Ambani says

Isha Ambani, director of Reliance Retail Ventures Ltd, said today that India's conglomerate behemoth Reliance Industries will this year launch its fast-moving consumer goods business.

Reliance will launch its FMCG business, with an objective to develop and deliver high-quality, affordable products which will solve every Indian's daily needs, Ambani said at RIL's 45th annual general meeting.





"We will soon start marketing quality goods produced by tribals and other marginalised communities across India," she said.

India's FMCG sector is largely dominated by players such as Hindustan Unilever, Nestle India, ITC, Britannia Industries and Dabur India, among others.

Meanwhile, RIL's Chairman Mukesh Ambani introduced daughter Isha as the leader of the conglomerate's retail business. Ambani had earlier named son Akash Ambani as the chairman of the group's telecom arm, Reliance Jio.