France's Carrefour to enter India's retail sector

0 Comments | AFP, November, 2007

NEW DELHI (AFP) — France's Carrefour SA, the world’s second largest retailer, plans to enter India's fast-growing retail market by 2009, reports said Wednesday.

Carrefour has floated two separate units in India -- Carrefour WC & C India Pvt. Ltd and Carrefour India Master Franchise Co. Pvt. Ltd -- to carry out its plans, the reports said.

An Indian franchisee will open Carrefour brand hypermarkets in the country and Carrefour's 100-percent-owned cash-and-carry stores will feed them, Herve Clec’h, Carrefour India managing director, told the Mint business daily.

"We're talking to three very willing Indian partners who will bring dimension to the business in a country the size of India," Gerard Freiszmuth, Carrefour India general manager, was quoted as saying...