Mukesh Ambani
Reliance Consumer Products Limited (RCPL), the FMCG company of Reliance Industries Limited (RIL), has formed a joint venture with Nigeria’s Tropical General Investments (TGI) Group with an aim to expand its business in one of the largest consumer markets in Africa. Mukesh Ambani’s Reliance has signed a final agreement to form a majority stake joint venture with TGI Group, which is pending legal and regulatory approvals. Through this joint venture, Reliance Consumer Products will introduce a wide range of its FMCG products to consumers in Nigeria, leveraging TIGI’s established FMCG manufacturing and distribution experience and network.
Will hoist the flag in Africa
RCPL Director T. Krishnakumar said that this joint venture with TGI Group will prove to be an important milestone in RCPL’s journey towards becoming a global FMCG player. The company is already present in the international markets of Middle East, South Asia and Africa. The company aims to establish itself as a leading global FMCG company from India and provide global quality products at affordable prices. Krishnakumar said that this will play an important role in enhancing RCPL’s global market presence while entering the important market of Nigeria. He further said that TGI Group is a trusted partner, and has deep expertise in sectors like FMCG, culinary and agri business.
What does TIGI Group make?
Commenting on the partnership with the RIL unit, Rahul Savara, Group MD, TIG Group, said the company is proud to partner with RCPL to drive growth in Nigeria and West Africa. Savara further said that Nigeria is one of the most attractive growth markets globally, and TGI Group looks forward to building a strong and sustainable growth platform together with RCPL. TGI operates across diverse sectors including food items, FMCG, agricultural inputs, industrial chemicals, home care products and pharmaceuticals, with its brands reaching millions of consumers every day. It also maintains a strong export platform for African-produced and value-added agricultural and processed foods.
