The Bharti Group and Tesco are considering a joint venture, allowing each company to move into the Indian food retail sector, The Economic Times of India has reported.
Go deeper with GlobalData
It is rumoured that Bharti would enter into a licensing agreement to use the Tesco brand. The UK’s largest retailer would also offer its knowledge of the industry, infrastructure and supply chain management experience.
Such a move would allow Tesco to circumvent Indian rules that prevent direct foreign investment in food retail.
Tesco, who are unable to release any details that could effect the market with financial results coming up, declined to comment on the conjecture.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
