Metro AG, one of the leading retailers of Germany, will invest an additional Rs 560 crore in 2012 to set up eight wholesale stores in India to take advantage of the growth in consumption in Asia’s third-largest economy. The company opened its tenth wholesale store in India in New Delhi on 21 February, 2012, adding to those it operates in Bangalore, Hyderabad, Mumbai, Kolkata, Ludhiana and Jalandhar. Metro Cash and Carry India, the local unit, will focus on opening wholesale stores in Tier I and Tier II cities this year, with their next store set to open in Jaipur in April. Such a big fat development plan of the global retailer will bring in a mega business opportunity to the signage companies dealing in in-shop displays, designs and graphics.
