Home / Knowledge / News / Apparel/Garments / UBS report says Reliance can turn India's Alibaba

UBS report says Reliance can turn India's Alibaba

01
Feb '19
UBS report says Reliance can turn India
India’s Reliance Industries Ltd (RIL) is evolving from an integrated energy company into a consumer giant like China's Alibaba and potentially could rival giants like Amazon and Walmart, according to a recent report by brokerage firm UBS. RIL can become a market leader in telecom and media, while gaining significant share in retail and e-commerce, UBS said.

RIL has plans to launch its online shopping platform, combining its retail arm's stores in over 6,500 towns in India as well as neighbourhood retailers with its mobile phone network that already has 28 crore subscribers.

"Its success could be built on an ecosystem or bundling strategy, and a home-court advantage, similar to Alibaba's success in China, beyond explicit or implicit policy support," UBS said.

Despite stiff competition from global companies in retail and e-commerce, RIL's strength lies in its wide footprint of physical stores along with its omnichannel focus, subscriber reach and regulations governing foreign e-commerce entities, it said.

RIL can potentially become a unique quadruple play by bundling connectivity, carriage, content and commerce to gain higher share of consumers' wallet, a news agency reported citing the UBS document.

Pursuing an ecosystem or a bundling strategy in a high-growth fragmented retail sector with lower online penetration and home-turf advantage are common to both Alibaba and Reliance, it said.

Reliance also has a 'home court' advantage, it added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

US President-elect Joe Biden. Pic: Stratos Brilakis / Shutterstock.com

Textiles | On 27th Nov 2020

Not much change in trade policies anticipated under Biden

US President-elect Joe Biden seems more assuring to the European...

Pic: Shutterstock

Apparel/Garments | On 27th Nov 2020

Bangla RMG units to get loans for COVID safety measures

Bangladeshi garment units will get low-cost funds up to Tk 30 crore...

Pic: Shutterstock

Retail | On 27th Nov 2020

Macy’s Q3 FY20 digital sales grow 27%

Macy’s, a US-based premier omni-channel fashion retailer, reported...

Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&amp;D,...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search