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February 21, 2018

IKEA opens first store in India at the middle of 2018

  IKEA has invested nearly Rs 1,000 crore during the last 2 years in the creation of infrastructure, including land and distribution centres in India, preceding the opening of their first store in the area in 2018.  The investment is nearly 10% of its Rs 10,500-crore investment proposal that was cleared by the Foreign Investment Promotion Board to open 25 stores — each large enough to fit about four football fields — in the country by 2025, according to The Economic Times of India.  The largest furniture retailer in the world has spent Rs ...

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