Carrefour opens first store in India

International hyper-market chain Carrefour on Thursday announced that it has opened its first cash-and-carry store in the country at New Delhi. The worlds second largest retailer opened its first store at Parsvnath Developer Ltds metro mall in the capitals Seelampur area.The opening of this first store marks Carrefours entry into the Indian market and will be followed shortly by the opening of other cash-and-carry stores, Carrefour CEO Lars Olofsson said in a statement. Olofsson said that opening of Carrefours first store was essential to allow the companys teams to fully understand the modalities of doing business in the Indian market before building its presence in other formats. The company however,did not disclose investment details.