Home / Knowledge / News / Apparel/Garments / French multi-brand retail major Auchan may invest in India
French multi-brand retail major Auchan may invest in India
05
Apr '13
French multi-brand retail major Auchan is presently studying foreign direct investment (FDI) rules laid out by the Indian Government, visiting global chairman of Auchan Group, Mr. Vlanney Mulliez, has said.
 
After his meeting with Commerce and Industry Minister Anand Sharma, Mr. Mulliez told reporters that Auchan Group is very enthusiastic about the Indian market and they are seeking some advice to cart out the best way for them to further tap the huge potential of Indian market.
 
Auchan, counted among the world’s largest hypermarket chains, entered India last year through a franchise agreement with Max Hypermarket India Pvt. Ltd., a subsidiary of Dubai-based Landmark Group.
 
Max Hypermarket has 13 supermarkets in India and the company plans to open 60 more stores under Auchan over the next five years.
 
The Indian Government currently allows up to 51 percent investment through FDI route in multi-brand retail.
 
As of 2012, Auchan Group had operations in 12 countries, employing 287,000 people, and generating more than € 60 billion in revenue, excluding taxes for the chains.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search