{"id":3689,"date":"2014-03-22T16:29:51","date_gmt":"2014-03-22T10:59:51","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=3689"},"modified":"2014-03-22T16:29:51","modified_gmt":"2014-03-22T10:59:51","slug":"tesco-confirms-joint-venture-with-tata-in-india-for-expansion","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/tesco-confirms-joint-venture-with-tata-in-india-for-expansion\/","title":{"rendered":"Tesco confirms joint venture with Tata in India for expansion."},"content":{"rendered":"

\"\"<\/a>Franchise News India<\/a>: Britain’s Tesco \u00a0has sealed a joint venture agreement with a unit of Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country’s $500 billion pounds retail sector<\/a>.<\/p>\n

Tesco said on Friday that following receipt of approval from the Indian Foreign Investment Promotion Board, it has entered into a deal with Trent Limited to form a 50:50 joint venture with the operator of the Star Bazaar retail business, Trent Hypermarket Limited (THL).<\/p>\n

The world’s third-largest retailer, which since 2008 has had a franchise agreement to provide support to Star Bazaar, had made the application to India’s FIPB in December.<\/p>\n

On completion of the transaction THL will operate 12 stores retailing a range of merchandise including food and grocery, personal and home care products, home and kitchen, fashion and accessories.<\/p>\n

The stores are operated under the ‘Star Bazaar’ and ‘Star Daily’ banners, and spread across the southern and western regions of India.<\/p>\n

Source:\u00a0Reuters<\/p>\n

Note: If you are looking for the\u00a0low cost franchise business in Retail Industry<\/a>, then you can apply your request here. <\/p>\n","protected":false},"excerpt":{"rendered":"

Franchise News India: Britain’s Tesco \u00a0has sealed a joint venture agreement with a unit of Tata Group that will see it invest $140 million and become the first foreign supermarket [ … ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3689","post","type-post","status-publish","format-standard","hentry","category-franchise-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=3689"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3689\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=3689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=3689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=3689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}