Metro Cash & Carry India opened its first outlet in Mumbai yesterday (7 May), the company revealed.
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The wholesale centre will cater to trade customers such as small retailers, hotels and restaurants and is the company’s fourth outlet in India.
“Our core focus will be on the food business. The business-to-business concept will help safeguard the interests of smaller vendors, typically the kirana store owners, who suffer in the wake of tremendous retail industry boom,” Martin Dlouhy, Metro Cash & Carry India MD, said.
Spread over 70,000 square foot of selling space, the multi-storey Mumbai store offers 18,000 lines, of which 55% are food products.
“Modern supply chain methods will help eliminate complex multilayered distribution systems. It will also provide a stimulus to the local economy,” James Scott, regional operating officer Asia, Metro Cash & Carry commented.
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By GlobalDataScott indicated that Metro Cash & Carry plans long-term investment in India.
As the market evolves, the company intends to set up distribution centres that will cater to larger retail customers.
