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Siam Makro enters Indian market with launch of LOTS Wholesale Solutions
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Saturday, 20 January, 2018, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Siam Makro PCL, a part of $50-billion Charoen Pokphand (CP) Group (CP Group), announced the launch of LOTS Wholesale Solutions, its India operations in the wholesale cash and carry space. The company has adopted a 100 per cent foreign direct investment (FDI) route to establish the same.
LOTS Wholesale Solutions plans to invest over Rs 1,000 crore in the first five years and open 15 wholesale distribution centres across northern India over the next three years. Its first two stores will open in Delhi and the National Capital Region (NCR) in 2018. The company’s intended investment will generate over 5,000 direct and indirect jobs.
Tanit Chearavanont, managing director, LOTS Wholesale Solutions, said, “The year 2018 is a very exciting year for us at LOTS Wholesale Solutions. We are eager to commence our operations and delight our customers with excellence in service, assortment and convenience, which are in our DNA.”
“We bring with us 28 years of experience in serving various business-to-business (B2B) customers, such as hotels, restaurants and catering (HoReCa), traders and service customers, through different cash and carry formats, large and small. We are confident that we will surely be able to enhance the modern wholesale sector in totality,” he added.
The company has brought on board seasoned professionals with proven capabilities in key leadership roles.
Sameer Singh, who comes with over 18 years of experience in retail and hospitality, is director, operations and business development
Nishant Rayirath, who comes with over 15 years of experience in wholesale cash and carry operations, is director, commercial.
Jatin Mazalcar, who comes with 16 years of strong background experience in finance across various industries, is director of finance.
Manish Gehlot, who comes with 20 years of industry experience, is director, information technology.
Siriporn Dechsingha, chief marketing officer, Siam Makro PCL, said, “India is an important market for us. Taking forward CP Group’s philosophy in India, we are committed to the country, the community and finally to the company. LOTS Wholesale Solutions will invest in people, technology and supply chain infrastructure and looks forward to contributing to India’s economic growth.”
“Our purpose inspires us to enhance people’s lives by working closely with suppliers and farmers to produce environment-friendly products and to improve food safety supplies. One of the key pillars of Makro Capabilities Engine for sustainable mutual growth is local love, which empowers us to source a large majority of assortments locally,” she added.
LOTS Wholesale Solutions brings benefits of convenience aided by technology and digitisation and last-mile delivery at competitive pricing for its customer base of HoReCa, traders and service customers.
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