Commerce and Industry Minister Anand Sharma stated that Global retailers, including Tesco and Sainsbury’s, have expressed keen interest in setting up of multi-brand retail stores in the country. There have been expression of interest…The first step has been taken by Tesco, by Sainsbury’s. There has also been an expression of interest but not a formal proposal, from Carrefour, H&M. So they all are coming. Also, some of the major global players like the UK-based Tesco and Sainsbury’s have sourcing subsidiaries in India. Multi-brand foreign retailers such as Walmart, Metro, Carrefour and Tesco have already invested in India under cash-and-carry arrangements. This is indeed a good sign for the signage players whose activities involve extensively in in-shop fabrication, designs, displays and others.
