Reliance Industries Limited plans to foray into retail sector in West Bengal forming JV with local industrialist Harshvardhan Neotia.
Neotia informed the local media that Mukesh Ambani-controlled group was in negotiation with him for entering agro-products retailing, but they have not reached any conclusion.
To boost its retail entry, Reliance Industries has floated a 100 percent subsidiary Jamnagar Farms Private Limited, which is currently carrying out plantation near its Jamnagar refinery in Gujarat.
West Bengal has received the third big investment after Tata group and Videocon have promised to put in Rs2150 crore recently.
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