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India's Metro Cash & Carry to start B2B e-commerce before year-end

Metro Cash & Carry, a subsidiary of German retailing firm Metro AG, will launch its e-commerce solution for business customers in India before year-end, Press Trust of India reported Oct 15.

The new service will reduce wait time by allowing small retailers to order online and have their orders delivered to them. Metro Cash & Carry aims to expand its presence in the growing business-to-business market through the solution.

Metro CEO and Managing Director Arvind Mediratta said the company also partnered with digital finance agency Capital Float to offer local shops a credit limit of 100,000 Indian rupees to 1.5 million Indian rupees for 7 days to 14 days.

Metro Cash & Carry also plans to open 26 more stores in the next two years, expanding its network to 50 stores by 2020, the report said.

The Indian unit targets opening the new stores in the states of Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Uttar Pradesh and the Delhi National Capital Region.

As of Oct. 15, US$1 was equivalent to 64.72 Indian rupees.