German retailer Metro to push expansion in India: firm
German retailer and distribution giant Metro said on Monday it plans to accelerate its expansion drive in India, opening 34 wholesale hypermarkets there over the next five years.
Metro currently operates 16 wholesale hypermarkets in 12 cities in India, but it targeting 50 by 2020, it said in a statement.
"India will join Russia, China and Turkey as one of the four focus expansion countries within our portfolio," said chief executive Olaf Koch.
Metro has been present in India since 2003.
© 2014 AFP