Under its region-specific business strategy, LOTS Wholesale Solutions will provide support to home-grown brands and local suppliers.
LOTS Wholesale Solutions, a part of the USD 50 billion Charoen Pokphand Group and a wholly owned subsidiary of Siam Makro Public Company Limited from Thailand, today unveiled its first wholesale distribution centre in India at Netaji Subhash Place, New Delhi. Inaugurated by the Hon’ble Minister of Food Processing Industries Smt Harsimrat Kaur Badal, this is the first of the fifteen distribution centres LOTS Wholesale Solutions is aiming to open in India over the next three years.
The newly launched store which is spread over an area of 50,000 sq.ft. will cater to more than 50,000 registered members which include hotels, restaurants, and caterers (HoReCa), kirana stores, corporates, MSMEs and institutions such as government agencies, educational institutes, and hospitals.
"Indian retail sector is growing exponentially, more particularly food retail is pacing past other sectors. Food processing and food retail are recording robust growth. The arrival of the multinational companies like CP Wholesale in India and registering their presence by opening chain of stores in India and inauguration of their first store LOTS in Delhi shows the popularity of Brand India in the world. Days are not far for India to become the Global Food Market and Global Food Factory," Harsimrat Kaur Badal, Minister of Food Processing Industries.
The company had announced its foray into India at the World Food India 2017 with a Memorandum of Understanding worth Rs1,000 crores signed with the Ministry of Food Processing Industries. With its initial footprints in Delhi NCR, LOTS Wholesale Solutions will help generate 5,000 direct and indirect jobs over the next five years.
Talking about the launch of the first store in India, Tanit Chearavanont, Managing Director, LOTS Wholesale Solutions said, "It is a landmark day for LOTS Wholesale Solutions and Siam Makro as we unveil our first wholesale centre in India. Through this store, the registered members of LOTS Wholesale Solutions will enjoy the benefits of a vast assortment of high-quality food and non-food products, tailored to the specific needs of the Delhi market. We will offer our business customers a wholesale experience of global standards with a focus on high-quality products and customised services designed to make their purchasing easier, more efficient and economical. The store will become fully operational and cater to our customers from 19th July onwards."
Under its region-specific business strategy, LOTS Wholesale Solutions will provide support to home-grown brands and local suppliers. Fresh produce will be directly sourced from local farming communities, which will help farmers increase their income whilst reducing wastage during transportation and storage.