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Reliance Retail to extend network to over 900 cities by 2016

The benefits of Reliance Industries’ large investments into petrochemicals and telecom will start showing in the next 12-18 months. Reliance Industries has invested over Rs. 2 lakh crore, of which Rs. 1 lakh crore was invested in the last financial year. The investment was to enhance its petrochemical infrastructure and build a brand new telecom business, among other projects. Reliance Retail, which operates across various product categories and formats, said that it has attained revenues of over Rs. 17,000 crore last year. Despite the challenges faced in a tough consumer environment, the retail business had achieved a compounded annual revenue growth of 31 per cent in the last five years and such growth in the retail domain will bring a fresh business impetus to the signage companies dealing in in-shop displays, designs and related activities.

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