LOTS Wholesale Solutions unveils its first store in India
LOTS Wholesale Solutions, a part of the USD 50 billion Charoen Pokphand Group and a subsidiary of Siam Makro Public Company Ltd from Thailand, unveiled its first wholesale distribution centre in India at New Delhi. Inaugurated by the Hon’ble Minister of Food Processing Industries Harsimrat Kaur Badal, this is the first of the fifteen distribution centres the firm is aiming to open in India over the next three years. He company announced its foray into India at the World Foods India 2017 with a Memorandum of Understanding (MOU) worth 1,000 crors signed with the Ministry of Food Processing Industries. The newly launched store will cater to over 50,000 registered members, which include hotels, restaurants, caterers, kirana stores, corporates, MSMES and institutions such as government agencies, educational institutes and hospitals. Spread over an area of 50,000 sq. ft., LOTS Wholesale Solutions store is fully equipped with modern warehousing and storage facilities for its members. With its initial footprint in Delhi NCR, the initiative will help generate 5,000 direct and indirect jobs over the next five years.
The company brings specially curated assortments, categorized into food and beverages, kitchenware, household appliances, home decor, furniture, bedding, textiles, electronic products, etc. LOTS Wholesale Solutions offers a varied set of benefits to its registered members, including a wide range of product selection at its stores based on detailed research specifically catered to the catchment area and market demand. Through transparent pricing, round the year promotions, consistent product availability, customized last mile delivery and credit faciltities, the company aims to provide a hassle-free shopping experience to its members.
Under its region-specific business strategy, the initiative will provide support to home-grown brands and local suppliers. Fresh produce will be directly sourced from local farming communities, which will help farmers increase their income whilst reducing wastage during transportation and storage. The firm plans to bring a number of technological interventions in the retail segment through initiatives like geo-tagging of customers to ensure efficient deliveries, e-marking of products and electronic display of prices and expiry dates on store shelves. Members can shop at LOTS in several different ways that range from store walkins and delivery calls to ordering online through the B2b e-commerce portal.
Commenting on the occasion of the launch, Harsimrat Kaur Badal said, “The Indian retail sector is growing exponentially, and particularly the food retail segment is overtaking other prominent sectors. The arrival of multinational companies like CP Wholesale Solutions in India and the opening of chain stores in the country shows the popularity of Brand India in the world. India is on the road to becoming a global food market along with a global food factory.”