Carrefour marks its entry into India

    Carrefour marks its entry into India


    World’s second largest retailer has entered the booming Indian retail sector with its first wholesale cash-and-carry outlet in Delhi. The 5,200-sq.m store at Seelampur Metro Mall, inaugurated on December 30, will offer 10,000 food and non-food items to professional businesses, institutions, restaurants and local retailers.

    The opening of the cash-and-carry outlet is in line with Carrefour’s strategy to be present in major emerging markets that offer significant expansion and medium- and long-term growth opportunities. “The opening of this store marks Carrefour’s entry into the Indian market and will be followed shortly by the opening of other cash-and-carry outlets. This step is essential to allow Carrefour teams to fully understand the specificities of the Indian market and build our presence in other formats,” says , CEO, Carrefour.

    The Indian government currently allows 100 per cent (FDI) in wholesale cash-and-carry trade. It also permits up to 51 per cent equity in . FDI in multi-brand retail, though, is not allowed at present.

    – IndiaRetailing Bureau