Tesco opens shop in India
The UK retailer continues its expansion in Asia with a new India platform via a franchise agreement with the Tata Group and a cash-and-carry business.
UK-based retailer Tesco continues to bank on a future in Asia, announcing yesterday plans for an India entry and a tie-up with the Tata Group.
Tesco will launch a wholesale cash-and-carry business in India, with an initial investment of up to ú60 million $114 million in the first two years. The initial outlets will be based in Mumbai and will offer fresh food, grocery and non-food products to small retailers, restaurants and other business owners.
Tesco is also entering...
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