Metro Cash & Carry Announces Plan To Expand Network Of Wholesale Stores In India

German retailer Metro Cash & Carry India plans to increase the number of its wholesale stores in the country from the current 18 to 50 in the next five years, according to the company's managing director Rajeev Bakshi. Despite the slowdown in consumer demand, India remains an important market for the company, Bakshi said. Metro Cash & Carry spends an average of Rs 70 crore for every wholesale outlet it opens in the country, which accounts for 2.5 percent of the company's total store count worldwide.