Prior to September 2012, the FDI policy in India did not allow foreign companies to open multi-brand retail stores in the country, and global retailers had to opt the cash-and-carry route to establish their presence in India.
Prior to September 2012, the FDI policy in India did not allow foreign companies to open multi-brand retail stores in the country. As a result most global retailers, including Carrefour, opted for the cash-and-carry route to establish their presence in India.