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...
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.
This coming March, Philip Clarke will have been Tesco CEO for three years. It has been a challenging period and, at least in the short term, there is unlikely to be any let up.
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.
They were partners but Wal-Mart Stores and Indian conglomerate Bharti Enterprises appear better able to take advantage of the potential opportunities in the country's high-growth food retail sector alone. Raghavendra Verma reports.
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