Carrefour

Trade Ministry to Discuss Allowing Entry of Wal-Mart, Carrefour into India

Trade Ministry to Discuss Allowing Entry of Wal-Mart, Carrefour into India

Stake holders had been asked to chip in their views and suggestions by India’s trade ministry on allowing retailers, dealing in multi brands like Wal-Mart Stores Inc. and Carrefour SA to open stores in India which is reckoned as the Asia’s third biggest economy.

According to the discussion paper prepared by the Department of Industrial Policy and Promotion, if foreign direct investment is allowed in retail, it can help to fund investments in farms, storage chains, resulting in the reduction of prices.

Carrefour to open outlets in India

Carrefour to open outlets in India

World's second largest retailer, Carrefour has decided that it will open outlets in India. The number may vary from 3 to 4 depending on the final decision taken by the retailer.

The outlets will be wholesale in nature and will be spread pan-India. These outlets will be opened by the end of this year.

The above mentioned step is inline with the strategy of the retailer to open and tap the high potential that India provides. It has been trying hard for the past seven years to enter into the market, but has been failing to do so because of the restrictive regulations.

Carrefour to enter the India market In July

Carrefour to enter the India market In July

According to the second largest retail chain in the world after Wal-Mart, Carrefour, plans to open its first wholesale cash and carry store in the country at Seelampur in Delhi in the next tow to three months. It may be noted that India allows 100 percent FDI in the wholesale cash and carry trade, where the foreign company can only supply goods to other retailers and not to market these directly. Currently, French retail major Carrefour exports textiles and fresh produce worth $170 million in a year from India to Europe and other Asian countries.

Future Group to sign with the Largest Retail Operator Carrefour

Future Group to sign with the Largest Retail Operator Carrefour

The Mint reported, under the agreement m Future Group, India’s largest retail operator with brands such as Pantaloon Retail and Big Bazaar, has signed a deal with French retailer Carrefour. In the next five years, the mint said Future Group plans between 150 and 300 Carrefour branded hypermarkets. The spokesperson who spoke on condition of anonymity as the announcement was yet due said, “This is quite ambitious given the challenges in finding right space required for such hypermarkets.