www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrologyShopping TendersClassifieds Opinions Hotels
Sign In / Register | Archive
Expressindia » Story

With licence in hand, Cash & Carry starts upgrading stock

Font Size

Express News Service

Posted: Oct 12, 2008 at 0337 hrs IST

Kolkata, October 11 After receiving the APMC licence from the West Bengal government, the German wholesale major Metro Cash & Carry has began upgrading its stock. It would start catering to its clients from its outlet on E M Bypass.

Initially, the wholesale giant is targetting large number of hotels, restaurants, caterers and grocery stores. The company will market the 18,000 stock keeping units (SKUs ) from an area of one lakh square feet. Of the 18,000 articles only 8,000 are food products. The company plans to begin its operations in the next six to eight weeks.

“Many people have registered with us for doing business, even before the licence was issued. It is a continuous process and more people will be joining us, as now the licence has been awarded to the company,” said a spokesperson of the German firm.

“Our business model does not involve selling to household customers. It is a business-to-business model which will primarily cater to a wide range of clientele. Metro Cash & Carry clients will be provided with a registration card,” said a representative of the firm.

Inspite of the delay caused by the political opposition, hotels and restaurants in the city have welcomed the decision to award the licence to the company. “It will be a great advantage to the hotel industry. Earlier, we used to buy our stocks from different vendors. Now we can procure about 80 to 90 percent of our stock from under one roof. Since a company like Metro Cash & Carry will be supplying the products’ quality will be also assured,” said R S Singh, vice-president, Operations, Kellinworth Hotels.

“This wholesale facility will help the farmers to market their produce in other states and even outside the country,” said Sunderban Development Minister Kanti Ganguly, who had been actively supporting the venture.

The Metro Cash & Carry operations will generate employment for about 1,800 people directly. Other than the company, a large number of people will be involved in transport and preservation of the produce, said the minister.

Though the Forward Bloc-controlled State Agriculture and Marketing Board retracted from its earlier stand by withdrawing the minimum purchase limit of Rs 5,000, they said the party’s cadres will be monitoring the activities of the German firm to keep a check on whether they are getting into the retail domain.

“We will keep an account of the stocks of the company and see how much they are buying and selling. We will have our representatives at the counters of the wholesale major to monitor and scrutinise the bills,” said Naren Chatterjee, chairman of the Board.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

FBI team to give India details of Headley-Rana plans

Omar favours triangular talks among India, Pak, separatists

Kaiga leakage: Kakodkar calls it deliberate, probe on

India-Canada clinch civil nuclear deal

Bolt to participate in Commonwealth Games: Kalmadi

Radiation leak at Kaiga nuke plant leave employees sick

50 CAT exam centres closed today after technical gliches disrupt exams

More
Featured Services
© 2009 The Indian Express Limited. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map