Tesco is focusing on the cities of Bangalore and Mumbai as it plans expansion in India. CEO Philip Clarke was expected to meet with members of the Tata family to discuss details of the retail chain's India growth plans.
Many of the companies that pioneered fine dining in India are turning their efforts and investment to more casual concepts that appeal to the country's younger consumers, including Olive Bar and Kitchen's Monkey Bar, a gastropub concept that's expanding beyond its Bangalore beginnings to Delhi and Mumbai. Quickservice and casual dining restaurants now account for 70% of the country's total restaurant business, according to the National Restaurant Association of India.
UK-based retail chain Booker plans to open about 20 cash-and-carry stores in India in the next five years, even as it comes up against more ambitious plans by bigger players including Wal-Mart, Carrefour and Metro. Booker opened its first store in Mumbai in 2009 and has since grown to three locations in India.
Tesco has put plans to open wholesale stores in India on hold indefinitely and will focus on existing agreements to provide back-end support including supply-chain management and IT solutions to Trent's Star Bazaar hypermarkets. Tesco also sources goods worth £270 million from India and operates a support center in Bangalore.
Karuturi Global, a rose exporter with headquarters in Bangalore, is planning to acquire Florista, a flower retailer based in Mumbai. The acquisition is part of Karuturi's effort to increase its retail presence in India.
Mumbai may be the financial centre of India, but Delhi has become the country's leading e-commerce hub, according to a study from eBay India. The study also found that Mumbai, Jaipur, Bangalore and Chennai were other hot spots for online retailing. Domestically, technology reigned as the top area for trading, while internationally, lifestyle products from India are popular, eBay India said.