Reliance Retail made investments to the tune of Rs 30,000 crore in FY22

Reliance Retail made investments to the tune of nearly Rs 30,000 crore in FY22 and added 2,500 new stores and 11.1 million sq. ft. of warehousing space during the year, the company said in its annual report.

The country’s largest retailer made the investment in its retail business in organic growth, acquisitions and strategic partnerships.

“During the year Reliance Retail further strengthened its sourcing ecosystem, working closely with producers, MSMEs, service providers, local and international brand companies,” the company said in its annual report.

Mukesh Ambani, chairman and managing director of Reliance Industries said in its annual report, “Braving the intermittent COVID restrictions,