Birla Group is considering rolling out its planned retail initiative akin to Reliance Industries.
In June, Reliance Industries unveiled Rs25, 000 crores investment blueprint for entering the organized retailing sector through Reliance Retail Ltd.
Not only retail, but the Birla group also has plans to enter other new business areas in the future by investing nearly Rs4,600 crores.
Besides having a global presence, Kumar Mangalam Birla-led Aditya Birla Group is among India's largest business houses with interests in cement, textile, telecom and finance.