Tesco Teams Up With Tata For India Foray

August 2008 | Company News Alert

After years of expressing its desire to enter India's high potential grocery retail market, UK behemoth Tesco has finally teamed up with leading conglomerate Tata Group to launch a wholesale retail business in the country. In entering India in tandem with Tata, Tesco has secured a strong partner and a chance to further grow its international business following its perceived risky recent foray into the US. However, BMI would caution that, as much as India represents an unmissable opportunity, Tesco does face some serious risks in fulfilling its potential.

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