Tesco to increase sourcing from India

UK-based retailer Tesco today said it is increasing sourcing from India and focusing on categories besides clothing for its global requirement.

"Tesco does sourcing worth 230 million pounds from India and we are looking to grow this figure in future," Tesco Executive Director Corporate Legal affairs Lucy Neville-Rolfe told reporters here on the sidelines of the India Economic Summit organised by the World Economic Forum.

She said Tesco has just started sourcing products such as grapes and baby corn in the food segment.

"Of the total sourcing that we do from India, 70 per cent is clothing and apparel but we are looking to grow other categories as well such as food," she said.

Commenting on the FDI policy on retail in India, Rolfe said the company is adopting an evolutionary road in the country and will continue to focus on partnership with Tata's retail venture with Trent here.

"We are currently providing support to Tata to run their Star Bazaar chain of retail outlets and we will continue to focus on the partnership," she said.

Rolfe did not comment if Tesco will open its own outlets in the country if FDI is allowed in multi brand retail in India.