Punjab govt signs mou with metro cash &

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Old 22-Feb-2009
Punjab govt signs mou with metro cash &


Chandigarh February 22:

The Punjab Government has signed a memorandum of understanding (MoU) with METRO Cash & Carry India, the international leader in self-service business-to-business wholesale company, under the mega project policy of the state here today.

Principal Secretary Industries and Commerce Mr. S.S. Channy and Member of the Executive Board of Directors, Mr. Frits Van Peski signed on behalf of Punjab Government and METRO Cash & Carry India in the presence of Punjab Chief Minister Mr. Parkash Singh Badal and Local Government and Industries & Commerce Minister Mr. Manoranjan Kalia.

Appreciating the commitment of the company to supplement the income of the farmers, Mr. Badal said that the plan of METRO Cash & Carry a German retail enterprise, to open 6 wholesale centers with an investment of Rs. 900 crores within next two to three years would certainly boost the agriculture-economy in the state thereby improving the lot of the beleaguered Punjabi farmer who was at cross roads due to the diminishing returns on the agriculture today.

These ventures would result in creation of 27000 jobs for local youth and impart training in modern management practices, besides sourcing vegetables, fruits and other fresh items directly from local farmers thereby eliminating the middle men said Mr. Badal. Mr. Badal also appreciated the company's initiative for setting up these distribution centers that would provide about 25000 items-both food and non food to the Kirana Stores, Hotels, Restaurants and businesses in Punjab and hope that there would be a quantum jump in the revenue.

The Chief Minister further suggested the company to expand their unique business concept at block levels in the state. He assured them to extend full support and corporation on behalf of the State Government. While thanking Mr. Badal for the supportive attitude Mr. Frits van Peski said, " Punjab is a progressive state with a large number of entrepreneurs including small Kirana stores, hotels, restaurants and other traders and offers a big potential for our self-service wholesale. I am confident that our unique model will catalyze the progressive attitude of Punjab by providing a one stop solution for wholesale purchase, improvements in assortments and high quality products to our professional customers."

He further added that presently METRO Cash & Carry was represented in 29 countries with more than 615 self-service wholesale centres with more than 100,000 employees worldwide. It may be recalled here that METRO Cash & Carry caters exclusively to professional business customers like small retailers including kirana stores, hotels, restaurants and caterers. The assortment and services are tailored to the special needs of these target groups. METRO Cash & Carry offers members of this target group a greater efficiency: by offering them a one-stop solution for their purchases, by helping them to improve their assortment, by offering them high quality products at reasonable and transparent prices and by offering them a reliable supply source thus helping them to improve their business.

METRO Cash & Carry also strengthens local suppliers by building their capabilities and providing them with marketing opportunities - up to 90 percent of the products offered will be supplied locally. As done in other states, METRO Cash & Carry also plans to run a farmer training programme intended to build the capacity of farmers by improvements in marketing and supply chain. This will help farmers produce export quality fruits and vegetables that will be able to compete in the international market.

Prominent amongst others who were present on the occasion included Principal Secretary to Chief Minister D.S.Guru, Addl. Principal Secretary to Chief Minister & Director Information and Public Relations Mr. Gaggandeep Singh Brar, Director Industries Mr. V.K. Janjua, besides the representatives of METRO Cash & Carry, Head of Legal Mr. Mukesh Dugar, Head of Development & Expansion Mr. Petr Nemec and Head of Corporate Relations Mr. Vishal Sehgal.

Old 22-Feb-2009
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