Reliance Retail opens Metro Cash & Carry stores to all; to also continue wholesale biz from outlets for B2B customers

Kolkata: Reliance Retail has opened the recently acquired Metro Cash & Carry stores to all. Earlier, Metro outlets were only for business-to-business customers, but as an Indian entity Reliance did not need to comply with the foreign direct investment (FDI) norms, two senior industry executives said.

The FDI norms for cash and carry only allows foreign companies to sell to B2B customers through stores and online in India. Reliance will also continue to do wholesale business from these outlets for B2B customers to fulfill its ‘new commerce’ ambition of wholesale supplies of products to smaller stores in grocery, electronics and apparel.