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Metro Cash & Carry to invest Rs 1,690 cr in India by 2020

The firm, which currently has 24 stores in India, plans to open another 26 over the next few years

BS Reporter  |  Ahmedabad 

Metro Cash & Carry India, the Indian arm of the German multinational wholesale company, that opened its first store in Gujarat at Surat in 2016, has opened another store in Ahmedabad this year. The company aims to open another 26 stores across the country by 2020 with an estimated investment of about Rs 1,690 crore.   Arvind Mediratta, chief executive officer and managing director of Metro Cash and Carry India did not wish to divulge the exact investment figures on the upcoming stores, but said that it roughly worked out to be around Rs 60-65 crore per store.   The company now ...

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First Published: Sat, June 17 2017. 22:42 IST
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