Miscreants attack Reliance
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Miscreants attack Reliance fresh retail outlet in MP
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Miscreants attack Reliance fresh retail outlet in MP

Nearly a fortnight after a Reliance Fresh retail store was attacked by vegetable vendors in Ranchi, unidentified miscreants attacked another store of the retail chain in Indore.

Indore (Madhya Pradesh), May 24 : Nearly a fortnight after a Reliance Fresh retail store was attacked by vegetable vendors in Ranchi, unidentified miscreants attacked another store of the retail chain in Indore.

Around 15-20 masked men smashed the windows of the store, which started operations only last week.

"Some 15-20 youth, with their faces covered walked down to the store. They smashed the windows with pelted stones," said Arvind Kare, a police inspector.

The retail chain of the Mukesh Ambani-owned Reliance Industries sells fruits, vegetables and grocery items, and poses a serious threat to the livelihood of small vendors and traders.

The entrance of large and glitzy retail chains into India's fragmented 200 billion dollar food and grocery sector, has not been welcomed by these vendors and traders.

Reliance Retail Ltd., a subsidiary of Reliance Industries, is investing 5.6 billion dollars in these stores.Since the launching of its retail operations last year, Reliance has established 90 fresh vegetable and food stores and expects to start operating hypermarkets in the next few months.

The company, already India's top private oil refiner and petrochemical maker, has taken a lead on other large chain stores that are storming India's organised retail sector, which makes up for about five percent of the retail market.

Other big Indian firms that are planning to enter the fast-growing market are Britain's Tesco and America's Wal-Mart.

ANI

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