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IKEA to open its first India store

USA: The much-awaited opening of first IKEA store in India is expected to take place in June 2018. This has…

By gta_admin , in Comapny news International News National News , at May 20, 2018 Tags:

USA: The much-awaited opening of first IKEA store in India is expected to take place in June 2018. This has reportedly been disclosed by the Industry Department of Telangana. However, IKEA is yet to disclose a date for the store opening.

USA: The much-awaited opening of first IKEA store in India is expected to take place in June 2018. This has reportedly been disclosed by the Industry Department of Telangana. However, IKEA is yet to disclose a date for the store opening.

The retailer has been preparing for the opening of its debut store in the country for quite some time now. More than 7,000 IKEA products will be stocked at the upcoming store, to be spread in an area of more than 13 acres in Hyderabad. The built-up space for the store is 4,00,000 square feet. However, the company is yet to take the final call on the pricing for the Indian market.

The company said the store will be opened shortly, officials in the Industry Department of Telangana said the store will be inaugurated in June.

The debut store in IKEA will be its largest in more than 400 stores it currently operates globally. A 1,000-seater restaurant has also been set up at the upcoming Hyderabad store.

The store, set up at a cost of Rs. 1,000 crore, will offer employment to around 800 people, half of them will be women.

The furniture retailer opened its Hej Home, an experience zone where consumers can touch and feel and get to know the benefits of the products offered by the retailer, in Forum Mall in Kukatpally near Hitec City in November last year. The Hej Home was opened for a period of six months.

India will become the 52nd market for the company post the opening of Hyderabad store.

 

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