Metro cash and carry in Punjab
Chandigarh- A German retail enterprise METRO Cash and Carry, is likely to pump Rs 900 crore to start its chain of distribution cum retail centres in Punjab.
The company is likely to start operation in Jalandhar, Ludhiana and Amritsar in the first phase, followed by three more distribution centres at Mohali, Patiala and Bathinda in phase II.
While making a presentation to the Punjab Chief Minister
Parkash Singh Badal here today, Director (Development and
Expansion) of Metro Cash and Carry Erik Schmit said, the
company's operations would help the farmers of the state who
were facing difficulties due to the diminishing returns from
agriculture.
These ventures would result in creation of 2,700 jobs for
local youth and impart training in modern management
practises.
Besides sourcing vegetables, fruits and other fresh items
directly from local farmers, which would help eliminate the
middlemen, the company was also committed to supplement the
income of the farmers, said Chief Executive Officer of Metro
Cash and Carry (India) Martin.
The Chief Minister assured the delegation full support
and corporation on behalf of the state government.
He directed the Chief Secretary of state RI Singh to find
ways to finalise the formalities through a single-window
clearance facility and complete all formalities within a month
in consultation with other government departments.
Badal appreciated the company's initiative for setting up
these distribution centres that would provide over 18,000
items-both edible and non-edible to kirana stores, hotels and
restaurants in Punjab.
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