According to unconfirmed reports, local real estate giant Parsvnath Developers has said it is likely to form a venture with Carrefour soon, regarding retail operations in India. The group did not specify more details of the deal, adding, "We will announce a tie-up once we sign the documents".
Earlier this year, the Future Group announced it is looking into a partnership with Carrefour, regarding back-end operations. Carrefour has not commented on either report.
Parsvnath also announced it will open 10 retail stores this year and develop 21 commercial projects as part of its plan to enter the retail sector on its own. Parsvnath said it plans to open 75 hypermarkets and boutiques in five years.
Thursday, November 19, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment