7 April 2014
Indian political party Bharatiya Janata Party (BJP), which is expected to lead the country's next government, has said it plans to ban foreign supermarkets from entering its retail sector.
21 March 2014
UK retailer Tesco has confirmed that it will invest GBP85m (US$132m) to establish a multi-brand retail joint venture with Trent Ltd, part of the Tata Group, in India.
30 January 2014
The world of international food retail has undoubtedly got a little less international in recent years and 2014 looks likely to see the big guns continue to take an empire-building breather and sort out their troubled home markets while undertaking only modest overseas activities. Glynn Davis reports.
23 December 2013
It is, for both sides, an investment that can help improve their reputations. Tesco's plan to run multi-brand retail outlets in India demonstrates to the market the UK retailer, for all its problems, still has plans for growth. India's government will be happy that, 15 months after it pushed through plans to allow overseas players to invest in multi-brand retailers, someone has finally taken the bait.
17 December 2013
Tesco has set out a plan to become the first foreign retailer in India to run multi-brand outlets, with an application to invest in local operator Trent Hypermarket.
31 October 2013
In September last year, India's government relaxed regulations allowing foreign direct investment (FDI) in multi-brand retail. One year on and the reaction from international investors has been lukewarm. Michelle Russell takes a look at why international grocery retailers have not yet taken advantage of the new rules and whether this is likely to change in the foreseeable future.
31 January 2013
2012 was undoubtedly a year of economic pressure for grocery retailers, as consumer spending continued to constrict. With little less pressure expected in 2013, will we see the trend towards internationalisation slow further? Michelle Russell takes a look at some of the key trends that will shape the international retail scene.
10 December 2012
UK retail giant Tesco is understood to be looking at expanding further into India just days after announcing a review and potential exit from its troubled US venture.
8 December 2011
More overseas investment would benefit India's retail sector, Tesco CFO Laurie McIlwee insisted today (8 December).
21 March 2011
In part two of just-food's management briefing on the globalisation of food retail, Glynn Davis looks at three markets where the trend, in different ways, has taken hold - China, India and the US.
9 November 2010
Of all the media coverage of this economic crisis, one line has stuck in my mind more than any other, and it perfectly sums up the shifting global economic axis. "This isn't a global recession, it's a Western recession."
24 August 2010
Tata Global Beverages Ltd (TGB), the joint venture between Pepsico India and Tata Tea, plans to enter into the global food industry with a range of healthy food products.
3 March 2010
South African retailer Shoprite Holdings today (3 March) hinted the company was likely to quit India over frustrations at the rules governing foreign ownership of local businesses.
16 February 2010
Indian conglomerate Future Group has confirmed that it is mulling the formation of a joint venture with a number of international retailers.
21 January 2010
Tesco has confirmed that it plans to open its first wholesale cash-and-carry outlet in India this year.
19 January 2010
French supermarket group Carrefour is reportedly nearing an agreement with India’s largest retailer, Pantaloon Retail.
7 July 2009
The world's top food retailers may not have got the news they were looking for when India's new government published its first annual budget yesterday (6 July). Despite apparent support in some political circles for a loosening of the laws restricting foreign investment in Indian retail, the budget made no mention of any reform. However, as Dean Best reports, the likes of Wal-Mart, Tesco and Metro Group should still be cheered by India's plans for modernisation.
13 August 2008
India has attracted increasing attention from multinational retailers in recent years. Alongside China, India is viewed as one of the top economic powerhouses of Asia, generating 19.8% of the Asia-Pacific region's food retail value. While India’s organised retail market is still in its infancy it offers huge potential for expansion. Here are ten quick facts on Indian retail.
12 August 2008
Retail giant Tesco has today (12 August) announced its intention to develop a wholesale cash-and-carry business in India.
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.
5 July 2007
Indian conglomerate The Tata Group has reportedly indicated it is looking to set up supermarkets in the country alongside Australian retail giant Woolworths.
4 July 2007
Indian conglomerate The Tata Group has made a foray into processed foods with the acquisition of a majority stake in Innovative Foods.
8 May 2007
Tesco has confirmed its interest in the possibility of expanding into the Indian market.
26 February 2007
The UK’s Tesco is reportedly in talks with potential Indian partners, including Tata Sons, with a view to entering the country’s burgeoning US$300bn retail market.