Metro Cash & Carry, Indian arm of German-based Metro AG, has opened its first Kolkata outlet, carrying the total to five in the country. The company runs two stores of the format in Bengaluru and one each in Mumbai and Hyderabad.
Further, the company also plans to enter Punjab and will invest Rs 9 billion to set up six distribution centers across the state, informed a top company official.
Speaking to media on the launch, Martin Dlouhy, managing director, Metro cash & Carry India, said, “I am confident that our unique model will catalyse the entrepreneurial attitude of Bengalis by providing a one-stop solution for purchase, improvements in assortments and high quality products to our professional customers.”
“We have invested around Rs 1.4 billion in the region and our special focus would be supplying products to hotels, restaurants, traders and kirana stores,” added Dlouhy.
—IndiaRetailing Bureau
