It is reported by overseas media that Mukesh Ambani of Reliance retail Co.,Ltd is negotiating with Hong Kong Li & Fung Co. to establish retail joint venture Co.. Reliance Co. expect the cooperation with this worldwide company which is important for their development.
The products involved in the negotiation between Reliance and Li & Fung include textile, such as fashion, decorated product. Reliance have substantive soft goods turnover, about 900billion rupee during 4-5years.
Li & Fung Co. which have already been compounded for diversification including transportation and real estate is ranked as the biggest export company in the world.
