Renjith Pillai

User Type : Moderator
Global retailer Tesco join Tatas to launch multi-brand outlets in India.

Global retailer Tesco join Tatas to launch multi-brand outlets in India.

Post By : Renjith Pillai

Post Rank : 747th

Category : Business

Sub Category : Start Ups

28 Jan 2014

Tesco in tie up with Tatas, to step into Indian market. It is a UK based company which is going to set up a multi-brand outlets in India. Since government allowed 51 per cent foreign direct investment (FDI) in multi-brand retailing last year, Tesco is the first global retailer to get approval from the government of India. It has a plan to invest $110 million in partnership with Tatas.

This will attract other investors to invest and hope for the ignition of a new era in India’s retail industry. Tata’s firm, Trent is the Indian partner whom which Tesco has a 50-50 joint venture. In the beginning, they are eye towards setting stores in Kolhapur and Bangaluru. Trent’s understanding of Indian market and Tesco’s trademark experience in global retail sector together can deliver unmatchable outcome in the multi-brand retailing.


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