Carrefour coming to India

Following the footsteps of Wal-Mart and German Metro AG-now its the turn of the French giant Carrefour to take its first step in India to tap India’s $400 billion (around Rs18 trillion) annual retail market that’s growing at 25%-35% a year.They are planning to open their first wholesale outlet in New delhi @ Seelampur by July 2010. Subsequently they will look for a pan India expansion. Sources say there might be a tie up with Future Group also.

Regards,
QB

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