French retailer Carrefour may announce plans for a joint venture with Future Group in India soon, as chief executive Lars Olofsson is expected to visit India later this month or early February.

The retailer is known to be in talks with India’s largest retailer Future Group, and has reportedly arrived at an agreement to open its stores in the country.

Last December Carrefour entered the Indian market with a Carrefour Wholesale Cash & Carry store in New Delhi’s Seelampur neighbourhood.