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INDIA: Tesco to invest GBP85m in Tata JV

INDIA: Tesco to invest GBP85m in Tata JV

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.

Comment: Investment boosts reputations of Tesco and New Delhi

Comment: Investment boosts reputations of Tesco and New Delhi

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.

INDIA: Tesco bids to run multi-brand outlets

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. The UK…

INDIA: FDI will benefit retail sector – Tesco CFO

More overseas investment would benefit India's retail sector, Tesco CFO Laurie McIlwee insisted today (8 December). McIlwee said the Indian government's decision to put its plans to ease restrictions on…