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Lots Wholesale Solutions unveils third distribution centre at Ithum, Noida
Friday, 11 January, 2019, 08 : 00 AM [IST]
Our Bureau, New Delhi
Lots Wholesale Solutions, a part of the US$50 billion Charoen Pokphand Group (CP Group) and a wholly-owned subsidiary of Siam Makro Public Co Ltd (Siam Makro) from Thailand, on Thursday unveiled its third wholesale distribution centre in India at Ithum, Noida. In 2018, the company inaugurated its stores at Netaji Subhash Place and Akshardham. The three stores, opened within a span of seven months, will cater to a total of 1,40,000 registered customers in Delhi National Capital Region.

The store in Noida is the first step towards the company’s commitment of investing Rs 250 crore in the state of Uttar Pradesh. The expansion plan will witness the opening of more stores in the state in the coming years.

The Noida store is spread over an area of 50,000 sq ft and will provide its customers with more than 5,500 assorted products in food and non-food categories. It will cater to over 40,000 business customers with a diverse clientele including kiranas, hotels, restaurants and caterers (HoReCa), corporates, MSMEs and institutions such as government agencies, educational institutes and hospitals from the catchment area.

In addition to the announcement of its third store, the company also launched its own brands Basic Plus and PlusMo with an aim to provide best quality products at economical prices. The first two product categories introduced under these brands are bakery items and home-cleaning.

Talking about the launch of the third store in India, Tanit Chearavanont, MD, Lots Wholesale Solutions, said, “Following our values of victory, we have outperformed ourselves and unveiled the third store within a span of seven months. As promised, we delivered our two stores in 2018. Uttar Pradesh was an obvious choice for expansion after Delhi NCR, owing to the proximity to the enormous market opportunity in the state. It fits well within our cluster strategy for the business in India. Aided by government support, we aim to establish an environment of mutual growth for farmers, traders and our business in the state. We will work directly with them to establish a strong supply chain and demand for their products.”
 
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