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Cash & Carry competition: UK chain Booker plans 20 India stores in 5 yrs

The USD6.5-billion UK-based cash and carry group, Booker, is looking to expand its India operations. Even as US giant Walmart, French chain Carrefour and German group Metro are seen as the big daddies in the segment, now Booker would add to the competition.

With three stores in Maharashtra (in Mumbai, Pune and Thane), the UK chain has begun exploring options outside the state. In the next five years, it is planning as many as 20 cash and carry stores, the company’s India managing director, Zunaid Bangee, told Business Standard.

In 2009, Booker had set up its first store in Mumbai, followed by a joint venture outlet in Pune in 2011 and Thane just last month, in 2012.