date:Jan 03, 2014
s Star Bazaar shops.
With Government backing, Tesco will now beat Walmart in the race to invest in this powerful emerging market, worth $500 billion.
Tescos India investment follows declining third-quarter sales in all nine of its continuing overseas markets for the second consecutive quarter.
The worlds third biggest retailer, which makes about two-thirds of its revenue in Britain, is currently in the midst of a $1.6 billion turnaround plan.
Walmart, which recently ended a six-year-old partn