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

Pic: Shutterstock

Textiles | On 8th May 2021

French Development Agency to invest $83m in Ivory Coast cotton sector

Over a period of five years, the French Development Agency (AFD) will ...

Pic: Juki

Apparel/Garments | On 8th May 2021

Japanese companies collaborate to develop sewing machine business

Juki Corporation and Pegasus Sewing Machine Mfg have entered into a...

Pic: Rocky Brands

Apparel/Garments | On 8th May 2021

Rocky Brands expands Made in America capabilities

Rocky Brands has expanded the offering of its Made in America product ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&amp;S,...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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

Leave your Comments


May 2021

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


Advanced Search