German wholesaler Metro Cash & Carry has threatened to revise its investment plans in India after becoming embroiled in a dispute over the opening of its first store in West Bengal.
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The state government has refused to renew its Agricultural Produce Marketing Committee (APMC) licence, which would enable Metro to source agricultural products directly from farmers.
“If Metro Cash & Carry does not get the required licence, this will be the death knell for any future German investment here in the eastern region,” German consul-general, Gunter Wehrmann, warned at a press briefing yesterday (25 September).
The company has agreed to hold off on any decision until Monday, when a ruling from state government is expected.
However, Martin Dloughy, MD of Metro Cash & Carry India, said: “We will be very disappointed if the licence is not issued and it will adversely impact our whole business concept, which is now compelling us to relook at our investments.”
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