Retail in Asia

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Metro Cash & Carry plans more stores in India; 2 more in Delhi, Jaipur next stop

German retail chain, Metro Cash & Carry, wants to open at least two more stores in Delhi, apart from the one announced on Tuesday.

"We have a full city strategy," said Rajeev Bakshi, managing director, Metro Cash & Carry India. The group aims to launch around seven to eight stores in the country this year. The average investment per store would be around INR70 crore (INR700 million, USD14.25m).