Metro Cash & Carry plans Rs 90-cr agri retail venture.
Economic Times (New Delhi, India), July, 2006
Jul. 3--KOLKATA, India -- Metro Cash and Carry CEO Thomas M Hubner met West Bengal chief minister Buddhadeb Bhattacharjee on Friday and proposed to invest Rs 90 crore in the state to develop a retail chain of agricultural products and food items.
Mr Hubner met the CM at Writers' Buildings, the state administrative headquarters, for about half an hour and discussed at length his business proposals. It is learnt that the leading international self-service wholesaler has urged the government to give it land for setting up its units.
In the coming three years, the company is likely to set up five warehouses in different areas close to Kolkata. About 2,000 people are likely to get employment once the company opens its units in West Bengal. The first outlet...
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