CORRECTION: Corrected title as to pertinent details
Just a week after Bharti and Walmart had ended their retail plans in India, Tesco is now entering into a USD450 billion Indian retail market with the Tata conglomerate. The plan would be to launch a neighborhood store format after the iconic Tesco Express.
Tesco Plc is the world's third largest retailer and is now in discussion with the Tata Group's Trent to provide back end support as well as retail expertise to Tata's flagship Star Bazaar hypermarkets. The Indian subsidiary of the British retail giant already supplies merchandise to some 15 odd outlets, from items from good and grocery to clothes and other consumer times.
The product of the Tesco-Tata partnership would be known as Star Daily. The very first Star Daily outlet had opened last week with a modest space of 1,800 square feet in size and with offerings of fresh food, grocery and other essential items. It would be, according to an individual familiar with the transaction, 'similar to a kirana store, Star Daily is kept open almost 15 hours starting at seven in the morning.'
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