Tesco sets the stage for Indian expansion
By: Katy Askew | 12 August 2008
Tesco has unveiled plans to enter the Indian retail market by establishing a wholesale business in Mumbai. The UK-retailer has also inked a deal to help expand Tata Group's hypermarket chain Star Bazaar. While Tesco's level of investment remains relatively small, the move clearly sets the stage for future expansion into India's burgeoning organised retail sector. Katy Humphries reports.
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Tesco has unveiled plans to enter the Indian retail market by establishing a wholesale business in Mumbai. The UK-retailer has also inked a deal to help expand Tata Group's hypermarket chain Star Bazaar. While Tesco's level of investment remains relatively small, the move clearly sets the stage for future expansion into India's burgeoning organised retail sector. Katy Humphries reports.
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