Massive Potential Secures Carrefour Investment

French retail giant Carrefour will open its first Indian wholesale outlet in July 2010. Confirming the long-anticipated entry plans to industry news provider Just-food, a company spokesperson revealed that the first store would be a 55,000ft² outlet in Delhi. The investment is in line with BMI's view that the potential of the Indian organised retail sector is such that expansionary multinationals simply must gain a foothold in the market, even if their preferred consumer retail approach is currently unavailable to them due to prohibitive foreign direct investment (FDI)

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