Metro Opens Fourth Store In Hyderabad

Hyderabad: Organised wholesaler Metro Cash & Carry India opened its fourth wholesale warehouse near Suchitra Junction in Bowenpally. The store is spread over approximately 55,000 sq feet, and will help create over 350 jobs. The new outlet will bolster the German wholesaler's position in the city by augmenting the existing base of nearly two lakh business customers, according to a statement released on Thursday.

"We've witnessed fast growth in this market since 2006, and there's still plenty of opportunity for growth and expansion," Arvind Mediratta, Managing Director & CEO, METRO Cash & Carry India, said. Metro India caters to over 11 lakh customers across the country, which includes small and mid-sized kiranas, hotels, restaurants, caterers and self-employed professionals.

Continuing with the corporate philosophy of supporting local businesses, the new Metro outlet will source at least 20 per cent of its assortment from regional suppliers and thus helping them connect to national and international markets.

Metro has 23 stores in India, and plans to expand to 50 by 2020, the company had said.