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Carrefour Plans To Enter Indian Market
Written by: Dhawal ShahArticle Overview: Carrefour, the French retailer, plans to enter the Indian market by establishing a wholesale business. The Indian economy is one of the fastest growing in the world, with an increasing middle-class. However, unlike China, India’s growth has been fuelled by consumer spending, a fact that has caught the attention of foreign retail giants. However, restrictions on foreign retailers have meant that they have had to find a different route to enter this fast growing market.
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Carrefour Plans To Enter Indian Market
Carrefour joins Wal-Mart (NYSE: WMT), and Metro AG from Germany, which have started cash-and-carry ventures in India. “Carrefour will develop its activities in India with the start of cash & carry activities in 2010," the company said in an email statement to Reuters.
Indian law allows foreign retail firms to have franchise agreements with local players, and Carrefour has been in talks with local firms for 4 years now. "Carrefour and some Indian companies have been discussing partnerships," the company said, but would not to comment on which firms it had spoken with.
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Article Tags: Carrefour, Franchise Agreement, Franchise India, Indian Law, Metro AG, Retail
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About the Author: Dhawal Shah RSS for Dhawal's articles - Visit Dhawal's website  Click here to visit Dhawal's website   Lifeline Group acquires Medicine Shoppe franchise rights in Middle East Lite Bite intends to become Rs 500 crore brand by 2015 Vision Spring works on the vision to solve presbyopia Best Western India Franchise to add 10 more hotels by 2009 end C House Italia signs franchise deal for Middle East |
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