|  Metro
Cash and Carry, the Germany-based world leader in the
self-service wholesale, which has chosen to enter India
through wholesale retail (cash and carry) route, is
looking at moving into North with an investment of Rs.
650 crore in Haryana, reports indiaretailbiz.com
Metro has already made investments in the states of
Karnataka, Andhra Pradesh, West Bengal, Maharashtra
and Tamil Nadu. The company has already identified land
for constructing warehouses at Kundli, Gurgaon, Faridabad
(all encompassing Delhi) and Panchkula (adjoining Chandigarh)
Founded in 1964 in Germany, the € 55.7 billion
it is the third largest trading and retailing group
in the world. It employs over 2,50,000 persons, operates
544 Metro C&C and Makro C&C stores across 30
countries in the world.
In India, it offers a range of over 18,000 food and
non-food articles at wholesale prices to registered
Hotels, Restaurants, Caterers, Food and Non-food Traders,
Institutional buyers and professionals, through a network
of stores located at Bangalore, Kolkata, Mumbai and
Hyderabad.
Apart from wholesale retailing, Metro is also engaged
in sorting and packaging operations as well as imparting
of training to farmers. The chief minister of Haryana
Bhupinder Singh Hooda wants the company to invest in
fisheries and hatcheries as Haryana is the second largest
producer of inland fish in India.
Source: www.indiaretailbiz.com
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