Metro Cash & Carry to invest in India
Metro Cash & Carry is to invest more than €100m (£84m) to strengthen its presence in India.At present, Metro operates nine stores at six locations in India –Bangalore, Hyderabad, Kolkata, Mumbai, Jalandhar and Ludhiana – and aims to increase the store number to 50 shortly. The retailer has so far invested almost INR10bn (£120.1m) in its Indian operations, Metro Cash & Carry India managing director Rajeev Bakshi said in November last year.
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