INDIA: Tesco establishes India-based sourcing unit
Tesco establishes Indian buying unit
UK retail giant Tesco has established a purchasing subsidiary in India as it looks to begin sourcing food products in the country.
Tesco, which already sources general merchandise from Indian manufacturers, hopes the move will allow it to procure fresh and processed foods in the market.
"Tesco has been sourcing from India for over a decade and already sources nearly US$500m worth of general merchandise from suppliers in India every year. Our new Indian subsidiary will allow us to add to this by sourcing food and other goods, bringing new opportunities for suppliers in India," a spokesperson for the company told just-food.
The company declined to provide further details of what products it is looking to source in India.
Sainsbury's has booked another quarter of like-for-like sales gains - bucking the downward trends in the wider UK grocery market and outperforming its peers. However, LFL growth has slowed significant...
Morrisons plans to open a second distribution site to serve its growing network of convenience stores....
- Why Arla upbeat about LatAm prospects
- M&A Watch - Could Cloetta be takeover target?
- Comment: Can Applegate retain trust under Hormel?
- Sweets & Snacks Expo: just-food's pick
- Focus: Why Dairy Crest needs to offload dairies
- Yildiz eyeing further deals - reports
- Weetabix gets new private-equity investor
- PAI, Pamplona "eyeing Bakkavor stake"
- Food industry news of week: GMOs, Arla, Mondelez
- FrieslandCampina ends Bongrain German tie-up
- Successful New Product Development Strategies in the Food, Drinks and Personal Care Market
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- The Future of the Ice Cream Market in the United Kingdom to 2019
- Marks & Spencer (Asia Pacific) Ltd in Retailing (Hong Kong, China)
- Consumer Foodservice in Indonesia