French supermarket group Carrefour could sign a joint venture deal in India soon, its chief executive said in a newspaper interview.

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"Negotiations are well on track," Jose Luis Duran told the Financial Times. "We are talking to two or three different candidates ... we should be able to sign a joint venture in the coming months."

Duran also confirmed that Carrefour was following German-based Metro Group into the Indian cash-and-carry market.

"There are two strategies in parallel, based on cash-and-carry and hypermarkets. We are starting from now to build up. To be realistic, I think the first cash-and-carry stores should open in 2009,".
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