Reliance Retail opens stores in NCR

Reliance Retail opened 9 stores on Monday, 29th January, 2007 in the National Capital Region (NCR). The Economic Times reports that the company now has a total of 50 Reliance Fresh stores in the nation. While, it opened 9 stores in Ghaziabad, Faridabad, Noida and Gurgaon, the company has not opened any store in Delhi itself. Sources report that it has delayed opening stores in Delhi due to several regulatory problems that it has faced, along with problems in getting the right locations for its stores. The company plans to open 100 stores in the NCR by April, of which 50 will be in Delhi and the remaining in the surrounding areas.

"There are issues concerning the Delhi Master Plan. The senior executives are also negotiating with the MCD for allotment of land," an RIL source told ET. "We are waiting for the Master Plan tofinalizedised as we only want clean land for our stores," said Reliance Retail CEO (operations & strategy) Raghu Pillai.