Capital gets its own Cash & Carry

This is Metro's 10th store and is spread across 88,000 sq ft.
Metro Cash & Carry
Leading international wholesale B2B brand, Metro Cash & Carry, has made its foray into Delhi with their outlet in the eastern part of the capital. Spread across 88,000 sq ft, this store has taken the count of Metro outlets to double digits. “We had been eagerly waiting to announce ourselves in the capital and we believe that the presence of Cash & Carry for wholesale traders is going to provide them with the most convenient experience till date,” said Rajeev Bakshi, Managing Director, Metro Cash & Carry India. With the presence of another brand, Carrefour, in the same region, the times for modern trade look extremely promising. Talking about the country’s contribution to the global Metro set up, Bakshi said Metro has overall 700 stores across 30 countries, of which India has 10 stores at present. “The scope for us to contribute further is immense. We will do this by strengthening our presence in the top 40 cities in the country. From an investment perspective, it takes on an average Rs 70 crore to set up a Metro outlet, hence the figure that one can estimate for the 8 stores that we are going to unveil this year is Rs 560 crore,” Bakshi said. He said that the need for modern retail traders and local kiranas to transform is apparent, which bodes well for the future prospects of traders and consumers in the country. With the budget to be announced in a fortnight’s time, Bakshi said, “The budget needs to drafted keeping in mind the benefits of the customers, which, in turn, will work in the favour of the retailers as well as the wholesalers.”   
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