French retailer Auchan, one of the world’s biggest hypermarket chains, aims to set up 60 stores in India to tap the emerging market nation’s growing retail potential, an Indian minister said.
Last year, India’s Congress-led government relaxed legislation to allow foreign retailers such as US supermarket giant WalMart to set up shop in India and sell directly to Indian consumers to boost investment from abroad.
Auchan already has 13 hypermarkets in India under a franchise deal with Max Hypermarket India.