Retail in Asia

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.