Home / Knowledge / News / Apparel/Garments / UK supermarket chains apply for sourcing centres in India
UK supermarket chains apply for sourcing centres in India
23
Feb '13
Tesco PLC and Sainsbury – two well-known British supermarket chains – have applied to the Indian Government for opening sourcing centres, Minister of Commerce and Industry Anand Sharma has said.
 
Speaking to reporters on the sidelines of a conference in Mumbai, Mr. Sharma said the two departmental chains submitted their applications during the visit of Prime Minister David Cameron to India.
 
However, the Minister did not divulge any details about the kinds of products that the two companies propose to source in India or the countries where those products would be used or sold.
 
Tesco already has an agreement in place with Tata Group’s Star Bazaar stores, where in the supermarket chain provides know-how to the Indian company about retail operations.
 
In September 2012, the Indian Government took a decision to allow up to 51 percent foreign direct investment (FDI) in the country’s multi-brand retail sector, which has opened doors for global retailers like Tesco and Walmart to enter the Indian market.
 
However, global retail players who enter the Indian market through the FDI route would have to source 30 percent of their inputs from small and medium-sized industries in India.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X