German wholesale giant Metro Group plans to invest over 100 million euros (about Rs 650 crore) in India as part of strategy to spread footprint across the country.

The cash and carry major that currently has nine stores at six locations in India in Bangalore, Hyderabad, Kolkata, Mumbai, Jalandhar and Ludhiana is eyeing to have 50 stores soon.

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Asked about future plans of the Metro in India, he said: "We want top have our stores in all parts of the country."

Metro has over 700 stores in 30 countries, and is one of the leading international leading self-service wholesale operators and had sales of 31 billion euros in 2010.

The firm started operations in India in 2003 with two distribution centres in Bangalore.

Today the company offers assortment of over 18,000 articles across food and non-food at wholesale prices to a variety of business customers such as hotels, restaurants, caterers, food and non-food traders, and institutional buyers.

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