Reliance Retail to open 7-Eleven outlets in India

The 7-Eleven empire is coming to India

NEW DELHI -- The 7-Eleven empire is coming to India.

India’s Reliance Retail Ventures has set a franchise agreement with 7-Eleven, Inc., to launch convenience stores in the second most populous nation, the company said Thursday.

The stores will first be launched in the financial hub of Mumbai. Indian media reported the first store is due to open within a few days.

Earlier this week, Indian rival Future Retail ended its 2-year old agreement with Dallas, Texas-based 7-Eleven to develop the franchise.