Tesco might enter India in the cash-and-carry business

Tesco might enter India in the cash-and-carry business

Retailing giants Wal-Mart might have beaten Tesco to sign up a deal with domestic telecom giants Bharti to enter the Indian retailing market but they are not giving up their hopes.

Tesco is now likely to enter the Indian market on their own in the cash-and-carry business. The Indian government allows 100% FDI in this segment of the market.

However, market sources claim that they have also not closed down options for a full-fledged retail presence in India. The company recently said that they look at India as an exciting market to enter and they are also rumored to be talking with a leading Mumbai-based business group.

The two major players in the Indian cash and carry market include German chain Metro and the African food retail chain Shoprite.