Tesco and Vodafone landmark FDI clearances

A new move with the new year is that government has approved British retail giant Tesco Plc’s plan to invest $110 million to buy 50 per cent stake in Tata Group’s Trent Hypermarket Ltd (THL). With this, Tesco will become the first foreign player to open stores here that will sell anything from fruit to furniture. The nod given by the Foreign Investment Promotion Board (FIPB) is expected to open the doors for future investments by foreign retailers. This will be yet another new opportunity for the signage players whose activities cover in-shop branding, display, installation, fabrication and other related jobs.