German organised wholesale company Metro Cash & Carry looks to increase its stores from the existing 24 to 50 by the year 2020 in India, for which the company may invest around Rs. 1,500 crore over the next three years. A standard store requires investment of Rs. 60 crore each. Opening its second store in Gujarat at Ahmedabad, after Surat, Metro will cover other smaller cities in the state with an objective to reach out to kirana stores. Metro had opened its first store in Gujarat at Surat in 2016. The Ahmedabad Metro store is spread on an area of 55,000 sq ft. This is an added business opportunity for the signage companies whose activities involve in in-shop displays, branding, etc.
