Mukesh Ambani: Mukesh Ambani, who is going to make a big bang in the retail business, joined hands with this Chinese company – mukesh ambani reliance retail is set to bring chinese fashion giant shein to india

Mukesh Ambani: Mukesh Ambani, who is going to make a big bang in the retail business, joined hands with this Chinese company – mukesh ambani reliance retail is set to bring chinese fashion giant shein to india

[ad_1]

New Delhi: India’s veteran businessman Mukesh Ambani is preparing to make a big bang in the retail business. Mukesh Ambani, the head of Reliance Industries, has signed a license agreement with the Chinese company Shein. Under this agreement, China’s online fast fashion retailer company Sheen will share its technology. Sheen Company has tied up with Mukesh Ambani’s Reliance Retail Ventures Limited. Under this agreement, this Chinese company is going to set foot in India. According to the information, Mukesh Ambani’s Reliance Retail Ventures Limited will launch a separate app named sheinindia.in for the customers of India.

Upcoming IPO: Bumper opportunity to earn money, IPO of 4 companies will open this week, know everything here before investing

was banned in india

Please tell that China’s Shein company was banned in India. The company was banned for the last three years. In fact, the Government of India had banned the Shein company in June 2020 after tensions on the border with China. Now with the partnership with Reliance Retail, Sheen is going to start operations in India again. As per the agreement between the two companies, Sheen can use Reliance Retail’s sourcing capacity, warehousing and logistics infrastructure. Sheen will also benefit from Reliance Retail’s impressive portfolio of online and offline stores.

Top Trending Stock: This stock remains in top trending, all the signs of boom are visible, bet to earn profits

Sheen is famous because of this

Sheen, a Chinese company, provides trending and stylish clothes at affordable prices. Because of this it is quite famous among women. Shein is one of the popular shopping platform. The Chinese company Sheen is currently facing scrutiny in some markets as oversourcing in the USA. Sheen is quite famous among the millennials for women’s garments and other dresses. Fashionable clothes are available here at affordable prices.

[ad_2]

Source link