German wholesale retailer Metro Cash & Carry is gearing up for expansion in India with the addition of five new stores this year and also plans to accelerate its e-commerce play and partnership with kirana stores, according to a top company official.
The wholesale retailer, which has registered profits in the last two years in India, has so far partnered with 2,000 kirana stores in Bengaluru, Hyderabad and Delhi, offering them complete end-to-end retail solutions.
"The company thinks India is a big growth market. The opportunity for growth in India is huge in both physical stores and e-commerce," Metro Cash & Carry India Managing Director and CEO Arvind Mediratta told PTI.
As part of expansion plans, he said, "we have five stores coming up this year in Karnataka, Andhra Pradesh and Telangana."
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