Sep, 12 2016

Metro Cash & Carry ready to grip India; Aims to hit 50 store mark by 2020

Presently company is not scouting for any new region and it is planning to work closely on the domains which have been already explored by it.

By Franchise India Bureau
Metro Cash & Carry ready to grip India; Aims to hit 50 store mark by 2020

The German wholesale leader, Metro Cash & Carry is ready to grip India after scouting an appropriate business model for the largest democracy in the world. Currently, company is consolidating its market presence which is its first priority. While inaugurating its 23rd store in Lucknow, the wholesaler informed that it would like to hit the target 50 stores by 2020.

Revealing the company’s plan, Arvind Mediratta, MD, Cash & Carry India stated that the company has conceptulised right model now and it is ready for rapid expansion across the country. It has now become the largest cash & carry store in the country.

However, he also revealed that presently company is not scouting for any new region and it is planning to work closely on the domains which have been already explored by it. Till now, Metro has floated six stores in Bangalore, three in Hyderabad, four in Punjab and two each in Delhi and Mumbai.

Metro’s strategy is not to get into a pan India presence but to make sure that it is able to expand and intensify its presence in these chosen markets. Company wants to invest in the big markets such as Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi NCR and UP.

According to Mediratta, a place like Bangalore, where Metro already operates six stores, still has potential of having two more. India is a land of opportunity and company believes that there is lot of potential because there are at least one crore kirana stores and lakhs of hotels, restaurants and self employed professionals.

Related: Aspasia Group to open more organic restaurants

Click Here to add Comment
Please add your Comment
Rating
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Sell Business 2017
Sell Franchise 2017
Daily Newsletter

Submit your email address to receive the latest updates on news & host of opportunities.

Most
Entrepreneur The Franchising World Retailer 2017




Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Franchise India Holdings Ltd

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.

X

Tell us what you think!