INDIA/AUS: Tata "mulling Woolworths retail venture"

By: just-food.com | 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.

Tata subsidiary Infiniti Retail is mulling whether to expand its relationship with Woolworths in India, according to local newspaper Indian Express yesterday (4 July). The two companies already work together on a cash-and-carry basis, the report said.

"We have an open mind on expanding our tie-up with Woolworths and we would like to extend it to all 12 different formats that they operate in Australia and New Zealand," Infiniti Retail CEO Ajit Joshi was quoted as saying in the report.

Officials at Tata and Woolworths could not be reached as just-food went to press.

Earlier this week, Tata announced a foray into processed foods with the acquisition of a majority stake in Innovative Foods.

Companies: Woolworths, Tata Group