Ikea’s first Indian store expected to be launched on July 10

By

Maverick Martins

Published
Jun 11, 2018

Swedish furniture major Ikea will be open its much anticipated first Indian store in the city of Hyderabad on the 10th of July according to a senior official from the state government of Telangana.
 

The Hyderabad store is spread over 13 acres with built up space of 400,000 square feet, it will  feature over 7,000 Ikea products and also house Ikea’s largest restaurant at the store with a capacity of 1,000 people.
 
"They (Ikea) are likely to open their first store in India in Hyderabad on July 10. Their CEO is expected to inaugurate the outlet. They earmarked Rs 800 crore for the store. This will create many direct and indirect jobs in the state," Jayesh Ranjan, Principal Secretary, IT and Industries, was quoted as saying by news agency PTI.

"The first Ikea India store is opening in Hi-Tech city, Hyderabad in July 2018. We will be able to confirm the exact date very soon," an Ikea official said.
 
Ikea had opened its first experiential centre 'Ikea Hej (Hello in Swedish) Home' in Hyderabad in November last year. Ikea has invested a total of Rs 1000 crore (approx $150 million) in its Hyderabad store and expected to create 800 jobs in the city.
 
After its Hyderabad store inauguration Ikea is expected to open two flagship stores next year in Mumbai and Bengaluru.