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Carrefour to open 4th India store in India’s Agra

French retail chain Carrefour said it would roll out its fourth cash-and-carry, or wholesale, outlet in India this week. The company is planning to open a store in Agra in a few days, a Carrefour spokesperson said, replying to a questionnaire sent by Business Standard.

The EUR81-billion retail group had opened a store in Meerut, another town in Uttar Pradesh, in October. It had launched its first India store in New Delhi in December 2010, followed by Jaipur around 2011-end.

On the company’s rollout plans for cash-and-carry stores in 2013, the spokesperson said, "Carrefour is not used to talking on the places till we are ready for opening." There’s no FDI cap in cash-and-carry business, and international chains such as Carrefour and Metro have been operating in this category without an Indian partner. The largest retailer of the world, Bentonville-based Walmart, however, is in a 50-50 joint venture for the cash-and-carry business in India.