Mukesh Ambani | Yarns and Fibers

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Reliance Industries plans to acquire foreign retailers

YarnsandFibers News Bureau

Related Keywords: brand, fitness, India, Mukesh Ambani, oil, partner, Reliance, sports, Textile

India's Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia's richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to try to tap into Indians' rising disposable incomes.

RIL pushing to increase its presence in polyester biz

YarnsandFibers News Bureau

Related Keywords: annual capacity of 2 mt, expecting around 5 percent yearly growth, half the country’s 4.5 mt, higher than global average, largest manufacturer of polyester in the country, launching new brand RElan, Mukesh Ambani, pushing to increase its presence in polyester space, reduce India’s import of speciality fabrics, Reliance Industries

Mukesh Ambani’s Reliance Industries (RIL) largest manufacturer of polyester in the country, having an annual capacity of 2 million tonnes (mt), almost half the country’s 4.5 mt after launching of its new brand RElan is now pushing to increase its presence in the polyester space, it is expecting around 5 per cent yearly growth in this segment, much higher than the global average of 3 percent. China, with 45 mt manufacturing capacity out of 70 mt globally, is much ahead of India.

Top industrialists urges safeguard against cheap textile imports

YarnsandFibers News Bureau

Related Keywords: china’s economy, import duties, leading industrialists in India, Mukesh Ambani, Narendra Modi, rupee depreciation, steel exports, steel industry, steel prices, textile domestic market, textile exports, textile imports, Textile Industry, yuan depreciation

With currencies weakening and global economic turmoil, Prime Minister Narendra Modi held a meeting on Tuesday with industrialists, bankers and economists to analyse the current situation and identify solutions.

Reliance to make an investment Rs.100,000 cr across its businesses, includes raising polyester capacity

YarnsandFibers News Bureau

Related Keywords: boost domestic manufacturing, investment one lakh crore, Make in India campaign, Mukesh Ambani, polyester capacity, Prime Minister Modi, RIL, Vibrant Gujarat summit

Reliance Industries (RIL) has been an inseparable part of Gujarat's success story. Over the last three decades they have invested again and again to convert a business vision into a reality. The Mukesh Ambani led-Reliance Industries (RIL) at the 7th Vibrant Gujarat summit today announced investment of one lakh crore across its businesses, including the Gujarat petrochemical complex and raise polyester capacity, in the next 18 months. Prime Minister Narendra Modi as well as captains of industry and world leaders are attending the event.

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