The French retail giant Carrefour has chalked out its expansion plans for opening cash & carry stores across India. The company would open its cash & carry stores in seven tier-I cities across the country. A cash & carry store sells in wholesale to small retailers but is not allowed to retail to an ordinary consumer.
“The first cash & carry store from Carrefour India will come up in the national capital region in the calendar year 2010,” Yannick Douville, fresh director Carrefour India told Hindustan Times. Douville refused to divulge the names of the cities and only said that the company is treading ‘cautiously but surely’ on its expansion plans.
Douville also did not reveal the investment plan of the company. The company is organising camps for the farmers from Punjab, Haryana and Uttar Pradesh whereby it imparts them with the technical skills on agricultural best practices. It has organised seven such camps in the last one year and has helped more than 1,500 farmers.
“The initiative is helping us develop rapport with the farmers whereby we can source quality fruits and vegetables once our stores roll out,” explained Douville.
The entire retail trade in India has been valued at Rs 12,00,000 crore.