French retailer Carrefour on 30 December 2010 opened its first cash-and-carry venture in India thereby indicating that it intends to open more such outlets in the near future. Carrefour Wholesale Cash and Carry store has been opened in the eastern suburb of Shahadra in New Delhi. The store occupies 5200 sq. m in the Parsvnath Developers-promoted Seelampur Metro Mall and will offer 10000 food and non-food items to professional businesses, institutions, restaurants and local retailers.
The Indian Government currently allows 100 per cent foreign direct investment in wholesale cash-and-carry trade. The government also permits up to 51 per cent equity in single brand retail trade. However such investment is barred in multi-brand retailing.
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