• Reuters reports that Tesco “has put off its plans to set up wholesale stores in India for now,” a reaction to the government’s decision to abandon previously announced plans to allow foreign companies to take a majority share in chains there.
The story says that “Tesco currently has a franchise agreement with Tata's retail firm Trent under which the Indian firm's hypermarket chain Star Bazaar uses the British company's supply chains and infrastructure.
“The British retailer is currently focusing on setting up warehouses and back-end infrastructure for the Star Bazaar stores and is not planning to set up cash-and-carry stores.”
The story says that “Tesco currently has a franchise agreement with Tata's retail firm Trent under which the Indian firm's hypermarket chain Star Bazaar uses the British company's supply chains and infrastructure.
“The British retailer is currently focusing on setting up warehouses and back-end infrastructure for the Star Bazaar stores and is not planning to set up cash-and-carry stores.”
- KC's View:
