date:May 07, 2014
Metro AG will run 50 wholesale markets in India by 2020 as the German retailer makes the worlds second most populous nation one of its main targets of growth.
Metro has had Cash Carry operations in the country since 2003, and currently has 16 distribution centers in 12 Indian cities, the Dusseldorf-based company said today in a statement.
The plan provides a firm foundation for us to switch our expansion to the fast lane now, Rajeev Bakshi, the managing director of Metro Cash Carry India, s