Reliance Targets US$150 Billion Exports by 2032 with Multi-Sector Growth Strategy

RIL outlines plans to expand exports across manufacturing, retail, electronics, renewable energy, agriculture and apparel, backed by stronger global supply chains.

Reliance Industries Ltd. (RIL) is accelerating its transformation into a global manufacturing and export-driven enterprise, with plans to expand its presence across consumer products, retail, electronics and renewable energy businesses in international markets.

Addressing the company's 49th Annual General Meeting, Chairman Mukesh Ambani outlined a strategy to achieve US$150 billion in exports by 2032, building on Reliance's status as India's largest merchandise exporter.

The company reported exports of ₹2.79 lakh crore (US$29.4 billion) in FY26, accounting for 6.7% of India's total merchandise exports.

Reliance's export strategy extends beyond its FMCG business and covers consumer products, industrial manufacturing, energy, gems and jewellery, agriculture, horticulture and other sectors, with an emphasis on creating globally competitive platforms.

"Our export vision goes far beyond our FMCG business," Ambani said. "India has an urgent need to boost exports to establish global competitiveness across manufacturing, gems and jewellery, agriculture, horticulture and other sectors. With a proven, globally competitive platform for energy and materials exports, we can become an anchor institution for developing a multi-sector export hub."

The export initiative is expected to support Reliance's next phase of growth through investments in manufacturing, supply chain capabilities and wider access to global consumer and industrial markets.

Among the priority segments is the fresh fruits and vegetables business, one of India's largest yet most fragmented consumer categories. Through Reliance Retail and Reliance Consumer Products (RCPL), the company plans to strengthen sourcing, cold-chain infrastructure and distribution networks to reduce food wastage, improve food safety and enhance supply reliability.

"This category is in urgent need of waste reduction, hygiene promotion and higher safety standards," Ambani said. "We will modernise by bringing our sourcing, cold-chain and distribution strength to fresh produce. This will give farmers fairer returns, shopkeepers dependable supply and every family fresher food at fairer prices."

Reliance is also developing a nationwide apparel manufacturing ecosystem aimed at producing quality garments at competitive prices. The company has partnered with suppliers across 21 manufacturing clusters, creating a distributed production network to serve both domestic and export markets.