๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐๐๐ต๐ฎ ๐๐บ๐ฏ๐ฎ๐ป๐ถ'๐ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ต๐ฒ๐น๐ฝ ๐ฆ๐๐๐๐ก ๐บ๐ฎ๐ธ๐ฒ ๐ฎ ๐ฐ๐ผ๐บ๐ฒ๐ฏ๐ฎ๐ฐ๐ธ ๐ถ๐ป ๐๐ป๐ฑ๐ถ๐ฎ? In 2023, Reliance Retail (a subsidiary of Reliance Industries, led by Isha Ambani) entered into a partnership with SHEIN, a Chinese fast-fashion brand. This deal allowed SHEIN to re-enter the Indian market after it was banned in 2020 due to security concerns. The Indian online fashion market is expected to reach $24 billion by 2025, making it a lucrative opportunity for SHEINโs re-entry through Reliance. Instead of operating independently, SHEIN now works under Relianceโs ownership and control in India. This ensures that the business follows Indiaโs foreign direct investment (FDI) rules and data security policies. SHEIN and Reliance have worked to establish local sourcing and manufacturing in India, creating a new supply chain ecosystem. This reduces dependence on imports and boosts Indian textile and apparel manufacturers. Reliance Retail, valued at over $100 billion, gains exclusive rights to distribute SHEIN products in India, strengthening its dominance in the fashion segment. SHEIN benefits from Relianceโs vast retail network, warehouses, and e-commerce expertise. Relianceโs platforms, like AJIO and JioMart, can support SHEINโs online presence. By bringing SHEIN back, Reliance expands its fashion and e-commerce business. It also increases customer engagement among young shoppers who prefer trendy, affordable fashion. Isha Ambaniโs strategic move allowed Reliance to leverage SHEINโs brand popularity while ensuring compliance with Indian regulations. This partnership is a win-win: SHEIN gets access to Indiaโs massive market, and Reliance strengthens its retail dominance. Follow vishakha Jangir for more such business insights.
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