After Wal-Mart deal, Metro to expand in 8 cities

Hyderabad, Nov 29 | Updated: Nov 30 2006, 09:02am hrs
A day after the worlds largest retailer Wal-Mart Stores Inc signed a 50:50 JV with Bharti Enterprises for cash and carry and back-end operations, the largest player in the Indian cash and carry market, Germanys Metro Cash & Carry India Pvt Ltd, said that it has planned to enter Mumbai and Kolkata by next year. Metro is also in talks to open distribution centres in Ghaziabad, Gurgaon, Kolkata, Chennai, Delhi and Coimbatore. Metro currently has operations in Bangalore.

According to Harsh Bahadur, managing director, Metro Cash & Carry India, who was here for opening the third distribution centre in India, said that the company is seriously looking at around seven to eight cities for expansion. Currently, it is still scouting and negotiating at a few places for land at the proposed new centres.

The Hyderabad centre, set up with an investment of Rs 67 crore, is built on seven acre land with a selling space of 1,00,000 sq ft of which 20,000 sq ft is temperature-controlled space to handle fresh perishables. A wide range of 18,000 products, which will cater to hotels, restaurants, caterers, retailers and traders are available at the centre, Bahadur said. Besides, it is also looking to set up centres in Vijayawada and Visakhapatnam and one more in Hyderabad. The German company has made investments of close to Rs 330 crore in India.

It brings together small, medium and large-sized producers, farmers, agricultural cooperatives and manufacturers with the dispersed community of traders, retailers and small and medium-sized enterprises under one roof.