[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 15 November 2005, 12:42 GMT
Tesco boss 'eyes Indian market'
Tesco boss Sir Terry Leahy
Tesco says Sir Terry is not going to meet any government officials
At a time when Western supermarkets are showing growing interest in opening in India, Tesco has said its boss, Sir Terry Leahy, is to visit the country.

Although Tesco stresses that Sir Terry is simply visiting the firm's service centres in Bangalore, it is said to be keen to establish a retail presence.

Like rivals Wal-Mart and Carrefour, Tesco is watching India's plans to open up the retail sector to foreign firms.

It comes as New Delhi continues general market reform and liberalisation.

Domestic squeeze

Sir Michael Arthur, the UK's high commissioner to India, has said Tesco, Wal-Mart and Carrefour are all interested in opening in India.

Despite widespread poverty, the world's second most populous nation is also enjoying strong economic growth.

Tesco's overseas operations, which stretch from Japan to the Czech Republic, now account for 20% of its turnover.

Analysts say it plans to increase its global presence to offset a lack of growth opportunities in the UK.

Earlier this month, the Office of Fair Trading was ordered to launch a fresh probe into whether the main supermarkets are overly dominant in the UK grocery market.


SEE ALSO:
Tesco in e-mail marketing assault
11 Nov 05 |  Business
Tesco cleared to buy forecourts
24 Oct 05 |  Business
Tesco and Carrefour to swap shops
30 Sep 05 |  Business
China tops India on average pay
14 Nov 05 |  Business
Barclays moves tech jobs to India
14 Jul 05 |  Business
India's architect of reforms
14 Oct 05 |  South Asia


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific