Reliance Retail plans to pull out of Uttar Pradesh, sources said. The company had an investment plan of Rs 9,000 crore for UP off which Rs 3,000 crore has already invested.
The retail venture has 30 stores in UP while it had planned on opening 1,500.
Reliance Retail seems to be getting ready to down shutters in Uttar Pradesh. More than 800 employees have been relieved of their duties.
Reports say the employees have been assured that they will be recruited back once Reliance Fresh is given permission to operate in UP. This does not include outlets in Noida and Ghaziabad.
Meanwhile, the state government shut down five Reliance Fresh outlets in Noida on Sunday fearing public disorder. For now, the government says the Reliance Fresh stores will remain closed till September 30.
It is not just Noida and Ghaziabad, the government has also shut Reliance Fresh stores in Varanasi and Lucknow after farmers and small traders ransacked these stores. Reliance Retail stores across the country have been in the eye of storm of late. Stores in East Delhi and Bhubaneshwar had to be shut after they were attacked by traders.
IF RELIANCE RETAIL IS NOT GIVEN PERMISSION TO OPEN STORES IN UPTHEN RELIANCE IS NOT GOING TO LOOSE ANYTHING IT IS THE PUBLIC OF UP WHO WILL BE UNFORTUNATE OF NOT AVAILING THIS OPPORTUNITY.IF THE UP GOVERNMENT THINKS THIS WILL STRENGTHEN THERE VOTE BANK THEY ARE DEFINETLY WRONG.IF THEY GIVE THE PLEA OF MAINTAINING LAW &ORDER THEN IT MUST PUNISH THOSE WHO BROKE LAW & NOT THE ACCUSED. THANKS
I belongs to a middle class family and i have so much expectations from this project and i have made so many future plannings, but unfortunatly the stores has been closed and i have again get unemployed person. I wish that these store will open again. Please somebody tell me that is these stores will open or not?
WELL I M TOTALLY AGREE WITH MR. ROHIT THAT IF ANY SPECIFIC AREA DOESNT WANT TO IMPROVE THEN NOBODY CAN CHANGE THIS ILL THINKING.RELIANCE RETAIL IS CLOSED OR NOT BUT UP GOVERNMENT HAS DONE SOMTHING WHICH HARM TO ITSELF…..OK IF THERE WAS A LOSS OF THE LOCAL FARMERS THAN WHY THEY ALWAYS SAYING THAT RELIANCE FAVOURS THEM, AND PROVIDING THEM THE GOOD AMOUNT FOR THEIR PRODUCTS….ON THE OTHER HAND OTHER RETAIL BRANDS LIKE SPENCER AND BIG BAZAR ARE STILL RUNNING WAT DOES IT MEANS???? IS THERE ANY MONEY MATTER WITH THE LOCAL CHIEF MINISTER OR WAT????DO FOLLOW THE LAW AND ODER BUT FOLLOW IT WITH ALL…..?????
THATS NOT DONE ….MAY BE I BELONG TO THE BRAND OR NOT BUT THINK ABOUT THE UNEMPLOYED PERSONS……..WELL I THINK IT IS ALL DAMM POLITICS…….THANKS
I M TOTALLY AGREE WITH MR. ROHIT & MR. RAVI THIS IS VERY BAD DREAM FOR US BECAUSE WE ALL OF HAVE ALOT OF EXPECTATION OR RIL IN UP LAUNCHING .
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, I rate this post for four from five. Decent info, but I just have to go to that damn google to find the missed bits. Thanks, anyway!