Tata ropes in Tesco for Indian retail venture

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New Delhi, August 13 , 2008 : After negotiations with many Indian corporate Houses, Tesco, the UK"s largest retailer is entering India with a wholesale cash-and-carry business.

At the same time, Tesco is also partnering with giant Indian conglomerate Tata Group for retail business in India. Its new wholesale business will supply merchandise to Tata's retail arm, Trent, for its Star Bazaar hypermarkets.

 

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