BARASAT (West Bengal): Reliance Retail, part of Mukesh Ambani-led Reliance Industries, is looking at reviving its West Bengal projects “in a major way”, a top official said here Saturday.
“We are currently working on how best we can come back to the state in a major way. It’s all currently on the drawing board,” Tarun Jhunjhunwala, president of Reliance Industries, told reporters.
The company hs faced several political hurdles in its bid to sell farm produce in the state.
At present, it has two brands operating in the state – Reliance Fresh and Reliance Digital.
The company is also planning to acquire real estate.
“We have exhausted the space for our Reliance Fresh format and so if we plan to expand this format, we have to buy real estate,” Jhunjhunwala said.
Regarding its stalled project to re-develop a municipal market at Park Circus in Kolkata, he said the company was now at an advanced stage of negotiation with the authorities to settle the dispute.
He expressed hope that the issue would be resolved soon.
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