Metro AG, a German retailer, through its subsidiary Metro Cash & Carry India, is looking forward to expanding its footprint in India, with a plan to set up 50 wholesale stores in the country, by 2020.
At present, the company operates 16 distribution centres in 12 cities across India. It is also exploring options to expand in other countries like Russia, China, and Turkey.
Metro, which owns Europe's consumer electronics chain, department stores, and hypermarkets, is restructuring and looking to grow in emerging markets to make up for shrinking sales in western Europe. The company entered India in 2003, with cash-and-carry business.