ASIA-PACIFIC Carrefour of France is planning to enter India through the wholesale “cash-and-carry” format as it seeks to tap one of the world’s most promising retail markets, people familiar with the plan say.
The move into wholesaling will allow the world’s second-largest retailer to build a presence in India without falling foul of foreign-ownership rules that prohibit offshore supermarket and hypermarket operators from opening front-end retail stores.
