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Reliance Consumer Products Limited, the FMCG subsidiary of Reliance Industries Limited, has entered into a joint venture with Nigeria-based Tropical General Investments to expand its presence in one of Africa’s largest consumer markets.
Reliance Industries Limited, led by Mukesh Ambani, has entered into a definitive agreement to establish a majority-owned joint venture with TGI Group, subject to customary legal and regulatory approvals.
Through the joint venture, Reliance Consumer Products Limited will roll out a broad range of its FMCG portfolio in Nigeria, drawing on TGI Group’s well-established manufacturing capabilities and extensive distribution network.
The joint venture with TGI Group will be a pivotal milestone in RCPL’s journey towards becoming a global FMCG player, T. Krishnakumar, Director of RCPL said. The company already has a presence in international markets across the Middle East, South Asia, and Africa.
The company aims to establish itself as a leading global FMCG company from India and offer global quality products at affordable prices, and "this will be instrumental in expanding RCPL’s market presence globally as we enter the crucial market of Nigeria, Krishnakumar said.
"TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusiness will be invaluable as we scale our operations in the region," he added.
Commenting on the partnership with the RIL unit, Rahul Savara, Group Managing Director, TIG Group, stated that the company is proud to partner with RCPL to drive growth across Nigeria and West Africa." By bringing together complementary strengths and world-class expertise across product development, manufacturing, marketing and distribution, this partnership is well positioned to deliver consistent quality and long-term value to consumers," he said.
"Nigeria represents one of the most compelling growth markets globally, and TGI Group looks forward to building a strong and enduring growth platform alongside RCPL," Savara added.
TGI operates a diversified portfolio including food, FMCG, agricultural inputs, industrial chemicals, homecare products and pharmaceuticals, with brands reaching millions of consumers daily. It also maintains a strong export platform for agricultural and processed commodities sourced and value-added in Africa.
