<div> </div><div><em>Bangalore accounts for 40 per cent of Indian revenues of Metro Cash and Carry and the company plans to open many new stores in south India, <strong>K. Chandra Mohan</strong> reports</em></div><div> </div><div>Lakshmipathi, a farmer from Malur in Karnataka, supplies vegetables to a Metro Cash and Carry's collection centre near his town.</div><div> </div><div>Like other farmers in the state, he is excited that Metro Cash and Carry chain is expanding in Karnataka.</div><div> </div><div>"With Metro opening its 4th wholesale unit in Bengaluru my supplies to them have gone up and my revenues will increase this year," Lakshmipati says. He finds it convenient and systematic to work with a large MNC.</div><div> </div><div>"They are very clear about their requirements and I get a market price," he says.</div><div> </div><div>Manjuthan, a trader working with Metro, says: "I have been able to purchase products at affordable prices. It has helped me save more for my child's education."</div><div> </div><div>Bangalore accounts for 40 per cent of India revenues of the German retail giant.</div><div> </div><div>Metro AG, with its India subsidiary, will open 50 stores by 2020 with an average investment of Rs 70 crore per store. It has already opened 18 stores with an investment Rs 2,000 crore over the last decade.</div><div> </div><div>Metro aims to address the business needs of small and mid-sized traders, caterers, restaurants and hotels as well as offices and institutions. It has connected more than 10 million kiranas in the country.</div><div> </div><div>Bengaluru is the base for the company and it enjoys good support of local customers and suppliers, according to Rajeev Bakshi, managing director of Metro Cash and Carry.</div><div> </div><div>"We continue to strive for the highest standards of excellence in all our wholesale solutions. We are also privileged to contribute to Karnataka's economy, through increased employment, business partnerships and community engagement," he said.</div><div> </div><div>Metro offers employment to 150 people per store directly and another 150 indirectly.</div><div> </div><div>The company, which competes with Walmart's Best Price Cash and Carry, will soon have its presence in Chennai and Kochi.</div>
