time the company will continue to be fully engaged with all its employees suppliers partners and customers to ensure a smooth transition it said late on monday the company told its india managers that it has finally decided to close its operation in the country around the same time carrefour indias director for supply chain and it subhodip bandyopadhyay sent out an email to about 250 vendors including small suppliers to consumer and durable giants including godrej samsung and whirlpool about the decision we are writing to inform you that we have decided not to continue operation of our five cash carry stores in india termination of the operations of carrefour wcc india will be completed in the near future the email said during this period all our people will be fully engaged and we are at your disposal to conclude our mutual relationships under the commercial agreements between our companies sanjeev jain md of parsvnath developers said carrefour has not intimated his company about any plan to close its outlet located in parsvnaths metro mall in delhis seelampur in june carrefour informed the registrar of companies about its plan to infuse 145 crore into the indian subsidiary even as speculation for its exit was rife the person cited above said the money was required to fund operations as well as to repay the units outstanding loans and pay vendors and compensate employees for job losses by rasul bailay et bureau published on jul 9 2014 at 0745 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app carrefour india business partnership bharti enterprises kpmg french retailer homenewscarrefour to shut five outlets in india valuation proximity thwart bid 800 employees to be hit