Home / Knowledge / News / Textiles / Carrefour to set foot in New Delhi
Carrefour to set foot in New Delhi
18
May '10
The country would soon see establishment of wholesale store, Carrefour, as the world's second-largest retail chain plans to set up its first-ever wholesale cash-and-carry store at Seelampur in New Delhi in the next two to three months.

The 55,000 square feet store will source around 90 percent of its products within the country. The brand has started witnessing good orders from suppliers, informed Jean Noel Bironneau, General Manager, Carrefour India, and it is already chalking out plans to open its second store in the near future. Also, the company will sell its products at reasonable prices to suppliers.

India allows 100 percent foreign direct investment (FDI) in the wholesale cash-and-carry trade, wherein the foreign company cannot market its products directly and can only provide these products to other retailers. With its entry into the hypermarket business in the country, through a franchise model, Carrefour was open to the FDI concept and is looking for the correct partner, informed Bironneau.

Carrefour exports around $170 million (Rs 765 crore) worth of textiles and fresh products per year from India to countries in Europe and Asia. The company expects this export figures to increase further in the coming years, added Bironneau.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

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

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

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

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
February 2017

February 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