French retail giant Carrefour on Monday
opened its cash-and-carry store in Jaipur, taking its total
presence in the country to two outlets.
"This second opening demonstrates Carrefour's interest in India, is fully in line with the group's strategy to develop in major emerging markets which offer a high potential," the company said in a statement.
FDI in retail: What's in store According to the statement, the retail outlet with sales area of 5,650 square metres has 10,000 SKUs (stock-keeping units) of food and non-food items for businesses, institutions, restaurants and local retailers.
ARCHIVE: Carrefour's WalMart act French retail giant Carrefour has finally found a way to get started without hitting the foreign direct investment (FDI) hurdle.
"We are very pleased with the results from our first cash & carry store. This second opening in Jaipur represents the next step of Carrefour's implantation in the Indian market," Jean-Nol Bironneau, executive director, Carrefour India.
Bironneau said that apart from cash-and-carry model, the company would also look at other formats to develop in the country.
"As well as our intention to expand in the cash & carry segment, we maintain our ambition to develop in other formats," Bironneau said.
The statement comes in the backdrop of the union cabinet's decision on Nov 24 for allowing 51 percent foreign direct investment (FDI) in multi-brand retail.
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