Tesco PLC plans India entry after arm-twisting by politicians, scripts triumph for Congress-led UPA govt

Mar 22 2014, 10:32 IST
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A Tesco PLC spokesperson did not comment on the reasons behind the company's decision to enter India now. Reuters A Tesco PLC spokesperson did not comment on the reasons behind the company's decision to enter India now. Reuters
SummaryTesco PLC to be first foreign player to set up supermarket chain in India.

delayed its plans.

"Wal-Mart decided to be aggressive, but Tesco decided to be discreet and its worked well for them," said Devangshu Dutta who heads retail consultancy Third Eyesight. "But whether they will be able to make use of the first-mover advantage and eventually lead the race remains to be seen."

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