IKEA lays the foundation for its first store in India at Hyderabad


Ikea, a global leader in retail furniture, has laid the foundation for its first store in India in Hyderabad. The store is expected to open somewhere in July–August next year and is likely to see an investment of about Rs. 700 crore. This will be IKEA’s first store in the country and will form part of a chain of stores planned across the country in a decade from now. The company has also acquired a large site for a store in Mumbai and is in the process of identifying sites in select cities across the country.

Ikea was one of the first companies in India to get approval for setting up 100 per cent FDI in single brand retail. The Swedish furniture giant is planning to build a 400,000 square foot store in Hyderabad, which will also include a 1,000-seater restaurant serving Swedish cuisine, besides Indian and others. Ikea had earlier purchased 13 acres of land parcel to build retail store in Hyderabad. The site is close to the IT hub in Hyderabad’s HITEC city, and within easy access to public transport and next to an upcoming Metro line.

So let’s discuss some questions related to this post:
1. Name the place where IKYA has laid the foundation for its first store in India?
2. Where is the headquarter of IKYA ?


Courtesy: The Hindu Business Line



×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?