The Reliance Digital and smaller Jio stores will act as fulfilment centres for the online orders.
He said the company in recent past has formed 49 public-private-people partnerships covering areas of national priorities such as watershed development, sustainable agriculture, solid waste management and financial inclusion.
ITC had hired Dr Chandy Abraham from Dr Devi Shetty’s Narayana Health as the CEO for its hospital and healthcare business.
Deveshwar said ITC has created 25 world-class Indian brands in the non-cigarette FMCG business. He said the company is targeting Rs one lakh crore revenue from these branded consumer goods by 2030.
This comes at a time when the GST Council on Saturday decided to reduce tax rate on refrigerator, washing machine, sub-26 inch television, vacuum cleaner, mixer-grinder, iron, shaver, hairdryer, lithium-ion batteries used in power banks, mobiles and geyser to 18% from 28%.
The country’s largest cigarette maker ITC surged by 3.8% on Monday.
Discretionary spending on electronics has been down since demonetisation in November 2016.
The premium phonemaker became the first casualty of Chinese invasion of Indian smartphone market.
LG Electronics India director (home entertainment) Younchul Park said the open cell manufacturing of televisions has started from May with 32 and 43-inch sizes.
The move is aimed at reining in rapid expansion into neighbourhood stores and ensuring sales at max retail price.
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