World's Largest Furniture Retailer Ikea Has Plans To Invest Rs 12,500 Crore To Set Up 25 Stores In The Country Over The Next Decade. Ikea Is Scouting For Locations In Four Cities — New Delhi, Bangalore, Mumbai, Hyderabad — To Open Its Outlets. The Company Received Approval From The Foreign Investment Promotion Board In November 2012 To Invest Rs. 10,500 Crore Over A Decade, With Plans To Open 25 Stores. A Typical Ikea Store Will Be Around 350,000 Square Feet And The Company Will Invest Rs. 500 Crore On Each Of Them. The Company Is Likely To Set Up Its First Store In Bangalore Or Hyderabad Within The Next Couple Of Years. IKEA Is A Dutch Company Registered In The Netherlands That Designs And Sells Ready-To-Assemble Furniture, Appliances And Home Accessories.
Project Value
INR 12500 Crore /-
Pre Project Activities Underway
Multi State
India
Wood
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