Landmark

TESCO, World's 3rd largest retail chain, has filed its application to open its chain in India. It has partnered with TATA’s Trent retail operations, and has promised that it will invest $110 million into this joint venture.

The Indian retail industry is expected to grow to around US$ 800 billion by 2015 with more than 20% being contributed by the organized retail formats. Despite poor infrastructure, lack of cold chains – a necessity for food retail,…