date:Jan 03, 2014
The Indian Government this week approved Tesco's plans for a $110 million investment into the country, which will establish a partnership with the Tata Retail Group.
The decision, which was made on Monday, means that Tesco is the first global food retailer to get approval to invest in India since the government decided to open up the supermarket sector last year.
The deal itself will see Tesco tae a 50% stake in the Tata Group-owned Trent Hypermarket.
Tesco already supplies produce for Tata'