Tesco announced plans to open multi-brand retail stores in India through a 50-50 partnership with Tata, marking the first global retailer to enter India's market since foreign investment in multi-brand retail was allowed. The $110 million investment aims to open stores first in Maharashtra and Karnataka. While increasing competition may threaten local retailers, the Indian government and Commerce Minister Anand Sharma welcomed the investment, hoping it would transform India's retail industry and attract other foreign investors.

1. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA
NAME: AMISHFAHIM
ROLL NO: BE 32
NEWS: TESCO TO OPEN MULTI-BRAND STORES IN INDIA.
INSTRUCTOR: SIRMUSHTAQHASSAN

2. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA

3. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA

4. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA

5. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA
Tesco history and introduction
Tesco public limited company is a British Multinational grocery and general
merchandise retailer. The company was founded in 1919 by Jack Cohen as a
group of market stalls. TESCO name used in 1924 when Cohen Purchased
Shipment of tea from " T. E. Stockwell" and combine his name first two
letters with T.E.S and finally it become "TESCO". Headquarter of Tesco is
Held in Cheshunt, Hertfordshire , England, United Kingdom. It is 3rd largest
worldwide store measured by its revenue and 2nd largest store measured by
its profits. It has a market capitalization of approximately 24.4billion pounds
as of 15 January 2012, and it is 15th largest company on London Stock
Exchange.
NEWS
Tesco Announced to Open Multi-Brand Stores in India, Multi-brand retail is
seen as a key sector in attracting foreign investment in India. The company
has applied to India's Foreign investment promotion board and plans to
invest 68 million pound (approximately 110 million dollars). With this
investment Tesco become the first Global retailer to try to enter in India
since it allowed foreign Investment in Multi-brand Last year. if this
application become successful then TESCO enter in India with 50-50
partnership with India's TATA group.

6. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA
Response of Indian Government
Commerce and Industry Minister Anand Sharma said, "We welcome the
decision of TESCO to invest in India and on our part, we assure them all
support for expedited clearance. To begin with, they proposed to established
their stores in Maharashtra and Karnataka. We hope that this will mark a
new beginning in transforming India's retail industry. "
Benefits to Both Countries
 Increase in GDP.
 Relationship will become stronger in both countries.
 It will also Attract the other foreign investors to Invest in India.
 Imported products are available on cheaper prices.
 F.D.I improves the Budget of Indian Economy.
 increase competition will be beneficial for consumers in shape of
quality products.

7. TESCO STORES OPEN MULTI-BRAND STORS IN INDIA
Conclusion
The Establishment of TESCO in India will be very beneficial for the general
public and the economy of India but on other hand it is a threat to the Local
retailer as they have to compete with the U.K made products. The
investment will contribute to the Income of India and United Kingdom but on
other hand it is not good decision on the point of view of other Retailers that
contributing to the Income of India, surely this will decrease their revenue
and profits but consumers will get a better and cheaper products due to
increase in Competition in Retail market.