Carrefour is likely to make its entry into the Indian retail scene through JV with Nusli Wadia group. For Carrefour, this would be a strategic entry, as the company expects to get better exposure into the Indian market, as is in the case of Bharti-Wal Mart JV.
Over a century old history in textile manufacturing, the Wadia group’s interests have diversified into food, chemicals, aviation, healthcare and electronics. Industry sources inform that with its existing potential, the Wadia group provides a proper platform for Carrefour’s India foray.
For some now, Carrefour was looking to enter India through JV with local Indian companies. The company was earlier in talks with Dubai-based Landmark group, owners of Lifestyle departmental stores, and Bharti Enterprises