TESCO COMES TO INDIA
Posted by seshdotcom on May 28, 2008
TESCO(Public limited company) is a British based Public store and it mainly concentrated on selling of food products but later it Branched out into areas like clothing,electronics etc.,Now the Important thing is TESCO is going to come to India
TESCO tattles with the Wadias:
TESCO is in Talks with prospective Indian partners for a Joint Venture to roll out its cash and carry outlets and facilities..TESCO has approached the WADIAS and PARSVNATH Developers to start out a the TESCO outlets in various parts in India.The main slogan of TESCO has been Every little helps so hopefully if this deal clicks then it would make a Huge Impact in the TESCO Shares in the International Market.When asked about this to PARSVNATH Developers Chairman he said:We are in talks with global retailers and we hope to finalise our deal in next 2-4 weeks..
Notable among this deal is TESCO is having a Prolific Growth in this sector next to Wal-Mart.The evidence was Acquisition of Metro AG a German Retail chain and now a figment to come to India->