British supermarket giant Tesco is to make its debut in India by developing a wholesale cash-and-carry business.
The firm said it would pump £60m into the venture for the first two years as it plans an assault on the Indian wholesale retail market.
The operation will be based in Mumbai, offering products to small Indian retailers, restaurants, stores and other business owners.
It is the group's first foray into India and into the wholesale market, but Tesco today said it was also interested in launching a consumer retail offering in India.
