7-Eleven prepares to crack open India's retail market

Convenience store chain to start out with 500 locations in Mumbai

20190716N India kirana REUTERS

7-Eleven convenience stores will soon open in India, offering a wider array of products then traditional small shops known as kiranas, which often lack refrigeration. © Reuters

AKIRA HAYAKAWA, Nikkei staff writer

MUMBAI -- Leading Indian retailer Future Group is planning a rapid launch of the country's first 7-Eleven convenience stores, aiming to tap the massive retail market with 500 or more store openings over the next five years.

"How many stores can Mumbai afford? We believe it can easily take in excess of 500 stores ... over a period of three to five years," Hardeep Singh, CEO of Future 7-India Convenience, said in an interview with Nikkei.

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