date:Feb 17, 2014
Sharma till now.
UK's Tesco became the first company to make an application for multi-brand retailing after the government allowed 51% FDI in the multi-brand retail last year. Tesco is world's third largest retailer and it became the first company to announce an investment of $110 million in the multi-brand retail sector, ending an embarrassingly long wait for the policy change done by the UPA government.
They need to finalise an Indian partner before meeting government officials, the source