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

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Steve Cole
Xerium Technologies

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 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