Carrefour set to enter India


LEVALLOIS-PERRET, FRANCE: Carrefour is considering entering India with a franchise model and is expected to confirm Parsvnath, a New Delhi real estate company, as its partner. Parsvnath has almost five million sq ft of retail space that it plans to increase six-fold in the next five years. Carrefour is also exploring a C&C format and has formed Carrefour India Master Franchise Company as well as Carrefour WC&C India for the respective business formats.