Tesco collaborates with Tata for Indian venture

Tesco collaborates with Tata for Indian venture

UK based retailing giant Tesco has announced that they are collaborating with Tata to enter the Indian market.

The company would establish open wholesale grocery stores in India. These stores would then provide supplies to hypermarkets owned by Tata Group.

Tesco CEO Terry Leahy spoke about this new development: “This is another exciting development for Tesco. It complements our entries into China and the United States, giving us access to another of the most important economies in the world. Our wholesale cash-and-carry format will bring improved value, range and service to thousands of Indian businesses.”