In Sectors

Tesco may locate first outlet in Mumbai

UK retailer Tesco, which will open its first cash-and-carry outlet in India by the end of the year, has said the location will mostly likely be Mumbai.

India is the only country where Tesco will have a cash-and-carry model as 100 percent foreign direct investment is allowed only in the wholesale business. Tesco already has a franchisee agreement with Trent, a Tata group, to support the latter’s hypermarket retail operations.

Follow Retail in Asia on Facebook, Twitter and LinkedIn.

Get our top stories delivered to your inbox:


Stay ahead
Subscribe for free!
Register now
Stay ahead