Reliance to reorganize the consumer goods industry

In an effort to better focus on one of the conglomerate's fastest-growing verticals as it competes with global FMCG rivals in India, Reliance Industries Ltd. said on Friday, August 29, that it will restructure its consumer products business by making it a direct subsidiary. "RCPL, or Reliance Consumer Products Ltd., is expected to join RIL as a direct subsidiary. Isha Ambani, the executive director of Reliance Retail, informed shareholders at the annual meeting that this will combine all of our consumer brands into a single, laser-focused business. The business will be able to function autonomously, react to changing consumer trends more quickly, and draw in top people with a clear mission thanks to the new structure, she said.