date:May 06, 2014
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A report in the Business Standard newspaper on Saturday, also citing unamed sources, said the company has been working on an exit plan for India for the past two weeks and is expected to cut staff positions in the coming weeks.
A Carrefour spokesperson in Paris declined to comment.
So far only Britain's Tesco PLC has announced plans to invest in India after the federal government gave foreign supermarket chains the green light in 2012.
Global retailers have maintained that India's reta