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Dec 30, 2010, 12.10 PM IST
Parsvnath Developers said on Thursday French retailer Carrefour will open its first cash-and-carry store in India at one of the realtor's New Delhi malls.
In September, a Carrefour executive told Reuters its first store in India will have a surface area of 5,000 square metres.
India's USD 450 billion retail sector is largely closed to foreign firms and favours small stores, which provide livelihoods for hundreds of thousands and serve a market of more than 1 billion. Multi-brand retail is restricted to cash-and-carry or wholesale outlets.
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