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Saturday, 08 December 2012 - 13:26
TESCO to expand in Sri Lanka
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TESCO, the world’s third largest retailer and UK’s biggest supermarket chain, is preparing to significantly expand its sourcing from Sri Lanka, buoyed by the well-focused facilitation of the recently established Consultative Committee on Market Diversification.

TESCO PLC is also the world’s 3rd listed retailer with revenue of 94 billion dollars in 2011 with 6’300 stores, 500,000 employees across 14 countries.

The Haryana based General Manager of Tesco Hardlines stated that they are not here to source Sri Lankan apparels or food products of which they are well established, already with 100 million dollars annual purchases, but that they want to go for other Sri Lankan products as well.

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