Tesco, the biggest retailer of the United Kingdom, is said to be in talks about inking a partnership deal with India’s Tata Group for foraying into the retail business segment of the country. For this, the concerned parties will ink 50:50 joint venture (JV) for cash and carry and a franchisee agreement for the front-end.

The formal announcement about this partnership, however, is still awaited.  For all foreign retailers eyeing India, this happens to be the most viable mode to do so as the Indian government bars foreign direct investment (FDI) in the retail sector. Wal-Mart, the biggest retailer in the world, planned a similar entry into the country in alliance with Bharti.