French retailer Carrefour close to launch Indian venture

French retailer Carrefour close to launch Indian venture

French retailer Carrefour has said in a statement that they are currently in talks with six potential partners to enter the retailing business in India.

The company is hoping that they would be able to sign a deal soon.

Dominique Coulombel, India-based sourcing manager for Carrefour stated in a company release: “We are close to signing an agreement. We are in talks with five or six Indian groups. It is a matter of months.”

This is the first such statement from the company which details their Indian plans. The media has been speculating since a long time about their plans for the Indian retailing market.

They are not the only one to target India. Wal-Mart, Metro and Tesco are some other global retailing giants who are trying to get a presence in India.