Friday, October 13, 2006

Tesco should target wholesale market in India

BBC and nasdaq.com report that ahead of the UK-India investment conference, Amit Mitra, secretary general of India’s Chamber of Commerce, said then Tesco should target India’s wholesale market initially, so that it can understand the Indian market. He added that,
"Tesco has to be bold enough to go into cash and carry. This is where Tesco has to go in; because if Metro is already there with its feet on the ground, when India's overall retail market opens they will be able to spurt."

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