Reliance has Rs 4,000 cr plan for Punjab, Haryana

 On the recruitment front too, the company has big plans. Industry sources said the company would pay nearly Rs 100 crore in salaries for the retail division alone in its first year of operations.

Recently, Reliance appointed former Unilever Nigeria chief Gunender Kapur as CEO of its food and grocery division. Raghu Pillai has also joined the retail business as CEO, strategic operations. He was managing director of retail home solutions at Pantaloon.

According to industry sources, the retail business of Reliance will have as many as 25 high profile CEOs and over 150 middle-rung professionals.