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Germany's Metro Cash & Carry to
invest Rs 900 cr in Punjab
WSN Network
Chandigarh:
German retailer Metro Cash & Carry, which has already made a mark in
Bangalore and Hyderabad, will soon be is set to capture the Punjab
market now. The company has proposed to invest Rs 900 crore in the
state by launching its six distribution centres here. Bringing in
its supply chain, the retail giant is aiming at generating
employment for about 2,700 persons in the state. Besides, the
project is slated to get the approval in empowered committee of the
Punjab government to be held within this week as per Vijay Kumar
Janjua, director of department of industries and commerce, Punjab.
Metro Cash and
Carry, which has 600 supply centres across 30 countries, will set up
two distribution centres in Ludhiana, one each in Amritsar,Jalandhar,
Zirakpur and Mohali. Each centre will cover the space of around
eight acre and all are expected to see completion by 2010.
The distribution
centre will be a one stop shop which will stock food and non food
products to cater the needs of all business customers. The retailer
which is known for its low-priced products will bring in Business to
business (B2B) model, to fulfill the requirements of all small and
medium enterprises, retailers, caterers' hotels, and restaurants.
Uner the
proposal the company will procure produce directly from farmers,
agricultural co-operatives, and other manufacturers to provide
direct supply to customers eliminating the role of middle-men. The
company will have storage houses equipped with latest technology
which will intact the quality products. Moreover the company will
also provide the training to farmers on how to increase
productivity.
23 April 2008
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