Tata-Tesco joint venture plans for Rs 250 crore investment to open more stores

A fresh move in the FDI in multi-brand retail, Trent Hypermarket, the equally owned joint venture between Tata Group and UK’s Tesco, has planned to invest Rs 250 crore as the only Indian multibrand retailer with foreign investment aims to open more stores. The planned expansion is likely to be seen as a test case for the ruling BJP’s stance towards foreign direct investment in the supermarket segment. Trent’s board has been authorised to raise up to Rs 250 crore through loans, guarantee, securities or way of subscription, according to a company resolution, a copy of which was filed with the Registrar of Companies earlier this month. This development is a new sunshine in the retail sector where signage companies can be delighted to tap some fresh business in in-shop designs, displays, branding and many other related jobs/projects.