Metro Cash & Carry India plans to open two new stores, one each in Kolkata and Mumbai.
“We have planned to open two more stores in the country. The tentative investment for each store, including the land cost, is around Rs 150 crore. Every store will be in six to seven acres, and have ample parking space,” Vishal Sehgal, head, corporate relations, Metro Cash & Carry India, said in a statement.
Though the opening date is not finalised, stores are expected to open this year.
The company board will meet and reveal detailed plans for India after announcing its annual financial results.
Currently, Metro Cash & Carry operates two stores in Bengaluru and one in Hyderabad.