Booker launches itself on the international stage today as it opens its first cash & carry in India.

The depot in Mumbai will serve stores, food stalls and the restaurant trade with an emphasis on fresh foods, pulses and staples.

Booker revealed in April that it planned to enter the Indian market, beating both Tesco and Carrefour who last year revealed separate plans to open C&C businesses in the country.

Analysts have welcomed the move by Booker, claiming it gives the company the opportunity to develop a presence in the undeveloped Indian C&C market without impacting too much on its overall profits.

The wholesaler has gained favour with analysts in recent months, with brokers including Investec, Shore Capital, KBC Peel Hunt, Evolution Securities and Singer Capital Markets all putting "buy" ratings on the stock ahead of its interim results, which are due in mid-October.

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