Tesco readies India's first foreign supermarket investment
date:Dec 18, 2013
overning foreign participation and political opposition ensured no global retailer had applied to enter the country with retail stores until now.

Recently world No. 1 Wal-Mart Stores Inc called off its Indian wholesale joint venture with Bharti Enterprises, citing unfriendly regulations.

Tesco plans to invest in Star Bazaar's stores in the western state of Maharashtra and neighbouring Karnataka. Star Bazaar currently runs 16 stores in southern and western India.

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