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(will not be published)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

Kesko sales in building and technical trade are declining

The Finnish Kesko Group closed the year 2018 with sales of EUR 4.2105 bn in its building and technical trade division. This is a decline of 4.8 per View news...

New experts support the Home Improvement eRetailer Summit

Four experts on e-commerce marketing and sales have agreed to join the advisory council of the Home Improvement eRetailer Summit. Scott Benedict is View news...

Eurobaustoff has got a first member in Sweden

Derome Aktiebolag is the first Swedish partner for the German building materials trade cooperative Eurobaustoff. The company has its headquarters in View news...

Kingfisher aims to remain in Germany with Screwfix

Kingfisher does not apparently intend to pull out of Germany with its Screwfix stores. A report on plans to pull out that was published by 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

V33 group, Inspiring presentations

V33 group

Inspiring presentations

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