No Intention To Foray Into Contract Farming: Reliance Industries Limited

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Reliance Retail Limited (RRL), Reliance Jio Infocomm Limited (RJIL), or any other affiliate of the parent company, Reliance Industries Limited, have not engaged in any “corporate” or “contract” farming in the past, and have absolutely no plans to enter this business, the company said in a statement released to the media on Monday.

The media release came on Monday when RIL filed a petition in the Punjab and Haryana High Court appealing to stop incidents of vandalism of RIL’s subsidiary Jio Infocomm’s towers.

RIL also stated that neither Reliance nor any of its subsidiaries has purchased any agricultural land, directly or indirectly, in Punjab/Haryana or anywhere else in India, for the purpose of “corporate” or “contract” farming. “We have absolutely no plans to do so,” the company added.

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