Carrefour is planning to enter the Indian market this summer by setting up a wholesale business but it has yet to find a partner that would allow it to open up stores under its brand.
"We have been in discussion for the past months with various groups and I believe that in a few months we will be able to identify that group that will be our partner," Lars Olofsson told shareholders at the annual meeting.
"India is certainly a major consumer market where Carrefour could develop an interesting share," said Olofsson.
The world's second largest retailer after Wal-Mart, Carrefour is already present in China, Indonesia, Malaysia and several other Asian countries.