INDIA: Carrefour opens second cash-&-carry store in India
By Katie Smith | 29 November 2011
 |
The French retailer opened the store in Jaipur, capital of Rajasthan State, yesterday (28 November) |
Carrefour has opened a second cash-&-carry store in India.
The French retailer opened the store in Jaipur, capital of Rajasthan State, yesterday (28 November) under the Carrefour Wholesale Cash & Carry name. It is expected to sell more than 10,000 products in food and non-food to professional businesses, institutions, restaurants and local retailers.
Carrefour India executive director Jean-Noël Bironneau said: "This second opening in Jaipur represents the next step of Carrefour's presence in the Indian market, which holds important growth opportunity."
"As well as our intention to expand in the cash-&-carry segment, we maintain our ambition to develop in other formats".
The company opened its first Indian cash-&-carry store New Delhi in December 2010.
The opening follows India's cabinet decision on Thursday to reform the country's foreign direct investment (FDI) laws. Under the announcement, foreign companies can now own 51% of multi-brand retail stores. Previously, major retailers like Wal-Mart Stores,Tesco and Metro could only sell wholesale in India.
Sectors: Emerging markets, NPD & innovation, Retail, Snacks
Companies: Carrefour, Wal-Mart Stores, Tesco
View next/previous articles
29 Nov 2011 -
Currently reading -
INDIA: Carrefour opens second cash-&-carry store in India
Related research
Carrefour in Spain: Local Profile
‘Carrefour in Spain: Local Profile’ contains details on Carrefour's local operations, covering its market share (as well as that of its key competitors) and its latest approaches and strategies. It also provides details on historical developments in ...
Carrefour in Poland: Local Profile
ICD Research's ‘Carrefour in Poland: Local Profile’ is a comprehensive report covering the company’s local operations. It also includes key financial and operational performance details of the company. In addition, the report presents the strategy of...
Carrefour in Italy: Local Profile
This is a detailed report covering Carrefour’ store formats, private labels, history, key employees, and key financial and operational metrics in Italy....
Related articles
GLOBAL: Cargill questions "viability" of RTRS soy scheme
US agribusiness giant Cargill has expressed concern over the Round Table for Responsible Soy, a scheme to encourage more sustainable production of the commodity.
GLOBAL: RTRS chief insists soy scheme can grow
The Round Table for Responsible Soy can expand, the president of the sustainable soy scheme has insisted.
Read more on this hot issue
India set to relax retail rules
After years of speculation and fierce debate, India looks set to ease restrictions of foreign investment in its booming retail sector. Business organisations and multinationals have welcomed the decision, although there remains some local opposition.
There are currently no comments on this article
Be the first to comment on this article