Metro Cash & Carry is planning to invest Rs 900 crore in retail market of Punjab. The German wholesale retailer would set up six distribution centers in the state initially and further expand its business to other major towns. The company is present in 29 countries of world having more than 600 centers.

The managing director of Metro Cash & Carry, India, Martin Dlouhy said that company would focus toward hotels, restaurants, traders and kirana stores. It is already present in Bangalore, Hyderabad and Mumbai and it has recently opened its new outlet in Kolkata Metro is also planning to open a new outlet in Delhi. The company would follow the uniform business model in new outlets.

Earlier, the Forward Bloc-controlled agricultural marketing board has declined to issue license to Metro Cash & Carry and objected the entry of foreign players in the retail market of West Bengal. Finally, the retailer was allowed to open its outlet in Kolkata after imposing some conditions. Metro will sell products to APMC license holder traders of state by paying one percent market fees.

Metro procured products worth Euro 60 million from different states in India last year. It can bring the products like pine apple and mango in the international market following good response from suppliers.