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Metro Cash & Carry Eyes Expansion In India; Plans 50 New Stores By 2020

August 18, 2016: 12:00 AM EST
Metro Cash & Carry plans to invest Rs 2,100 crore in India, one of the company's focus markets, to open 50 stores across the country by 2020, according to Metro AG head for Asia, Damien Veilleroy. After operating for 14 years in the country, Metro has adapted its operating model to the market realities in India, Veilleroy said. Unlike in most other markets where it operates, Metro in India is managed by local executives.
Rasul Bailay, "India one of the countries where Metro will invest most in future: Damien Veilleroy, Asia Head, Metro AG", Economic Times, August 18, 2016, © Bennett, Coleman & Co. Ltd.
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