Why is Reliance launching such mediocre electronic products which are totally useless and failure .They have tons of money to invest in R&D to create something new that can go global. Yet they rebrand some cheap Chinese electronic products. The answe
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because the core inception idea of reliance is trading not manufacturing.
this thrives on margins not expenditure.
two different sides of the balance sheet
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1. Starting a mineral water plant (brand)
After all reeearch requires around 1CR in investment. + more in vehicles etc but on loan. High monthly fixed expenses.
Max realistic Profit potential of upto 10L.
But