Where is carrefour in india

The decision to open up the sector to foreign firms also faced political opposition at the time. The Bharatiya Janta Party BJP - which has recently formed a new government in India - had opposed the move arguing that the arrival of big name supermarkets may hurt the small retailers in the country.

Tesco signs India supermarket deal. India eases retail investment rules. India opens up to foreign retail. By Reuters Staff. PA will shut down its Indian operations and close its wholesale stores in the country, as it exits underperforming markets to focus on reviving its French business.

Carrefour has been in talks with Indian retail companies and strategic investors about its Indian assets in recent months, after flagging in March that it was considering the future of the business. Have you read these stories?

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Let's reshape it today. Corning Gorilla Glass TougherTogether. Big investments are not on the radar, he said. In the meanwhile, a cash-and-carry network would help foreign retailers build assets and increase their footprint in the country, said Vivek Gupta, a partner at Gurgaon-based tax advisory firm BMR Advisors. The Frech retailer has had an office in India for over a decade to source material and merchandise for its operations in other countries.

Grocery trading in India is confined largely to clusters of unorganized wholesale markets in the cities where traders source products from company stockists and sell them to retailers. Never miss a story! Stay connected and informed with Mint.