German cash-and-carry operator Metro has announced plans to invest INR2.8bn (EUR40mn) to open four more outlets in India by the end of 2012. The firm currently has 11 outlets in the country and has said that one of the stores will be located in Indore (Madyhya Pradesh) while another will be in Zirakpu (Punjab). The move comes after the government had unveiled plans to liberalise the supermarket and hypermarket sectors, the growth of which could eventually quell demand for the cash-and-carry part of the retail industry.
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