Tesco and Bharti to bring a grocery chain to India

Tesco and Bharti to bring a grocery chain to India

India is being seen as the next big market for chains of grocery stores and Indian telecom giant Bharti is collaborating with British supermarket giant Tesco to bring the first overseas grocery chain to Indian consumers.

Bharti chairman and managing director Sunil Mittal spoke to a media group on their plans: “Planning is underway and a team is carrying out extensive research and is testing various models.”

The report claimed that Bharti could become a franchisee for Tesco Plc though not much has been revealed by the companies involved in this deal.

The Indian government has already allowed 51 percent foreign direct investment in retail stores that sell only a single brand. Global giants are however allowed to open stores in India via franchise deals with Indian partners.