Things are really going to get interesting on the retail front. After the Bharti-Wal-Mart tie up, there is talk in the industry that Carrefour is likely to form an agreement with Anil Ambani's Anil Dhirubhai Ambani Group (ADAG) to start retail operations in India. The French retailer has been wanting to enter India's retail market and has unsuccessfully held talks with Bharti (which later tied up with Wal-Mart), the Wadias of Bombay Dyeing, Dubai based Landmark Group and the Godrej's as well.
If this deal goes through, then Anil Ambani will be in direct competition with estranged elder brother Mukesh Ambani, who has a head start with his Reliance Retail concept. The company now has 40 food and grocery stores open in three cities: Hyderabad, Jaipur and Chennai. Its B2B format Ranger Farms which functions from 2am to 9am only for wholesalers and other store keepers is also operational.
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