Wadias (Bombay Dyeing Group) will tie up with Euro Carrefour, second biggest global retailer based in France, facilitating the latters entry in the Indian markets.
This $74 billion company operates a chain of supermarkets, hypermarkets and convenience stores and it has about 7,000 outlets worldwide.
Carrefour has been studying Indian markets for some time for retail expansion.
Wadia is a prominent name in the textile sector and Bombay Dyeing Chairman Nusli Wadia's elder son Ness Wadia will take charge of the project, sources inform.
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