News | Billy heading for India

Back

Ikea opens its first furniture store in India

Ikea's first store in India has a retail area of 37 000 m².

Ikea's first store in India has a retail area of 37 000 m².

Ikea opens its first furniture store in India today, 9 August 2018, in Hyderabad. The 37 000 m² store is located in Hitec City, Hyderabad's technology centre, and employs 950 staff, 47 per cent of whom are women. According to Ikea, it is the first major independent retail brand to receive approval for foreign direct investment (FDI). The Swedish company plans to open more stores in the next few years in India's key cities, with the next due to follow in Navi Mumbai in 2019. To date the store chain has acquired four sites in the states of Telangana, Maharashtra, Karnataka and Delhi/NCR.

Following an extensive study involving 1 000 house visits, the store will offer a locally adapted range. This will include Masala tins (for spices), pressure cookers, idli cookers (rice and lentil cakes), brightly coloured textiles or sustainable, locally produced mattresses with a coconut fibre core. However, classics such as the Billy bookshelf will also be on sale here as in any other Ikea store.

| 9 August 2018


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Plus 8.2 per cent in the second quarter saves the first half of the year for the industry

The DIY store trade in Germany made total gross sales of EUR 9.76 bn in the first half of 2018, thus gaining an increase in sales of 1.7 per cent View news...

Bauhof in Estonia sold to Lithuanian group Vilniaus Prekyba

The Estonian DIY store and building materials chain Bauhof has been sold. The Lithuanian trade company Vilniaus Prekyba acquired 100 per cent of the View news...

Würth targeting massive expansion in Italy

The German retailer Würth is targeting massive expansion in Italy. The company, which specialises in fastenings, aims to increase its number of View news...

Homebase reported to be closing up to 80 stores

Up to 80 stores belonging to British DIY chain Homebase are expected to close next week, according to reports on Sky News and in The Guardian's View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

6th Global DIY Summit 2018

Ledvance, future of lighting

Ledvance

LEDVANCE: Impulses for the future of lighting

More than 1 100 participants came to the 6th Global DIY Summit in Barcelona. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery