Reliance targets Mumbai's wealthy with new shopping mall

Next to glitzy Cartier, Gucci, Rolex and Balenciaga, Muji hopes to stand out

20231130 jio world plaza interior

Cartier occupies a prime location, just to the right as shoppers make their way through the main entrance. Gucci, Rolex and Louis Vuitton are not many doors down. (Photo courtesy of Reliance Industries)

RYOSUKE HANADA, Nikkei staff writer

MUMBAI -- Reliance Industries, one of India's major conglomerates, is on its way to establishing retail as its second business pillar, with its latest leap in that direction being the opening of a shopping mall that caters to the ultrawealthy in a nation that is far down the global scale of per capita gross domestic product.

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