Home / Knowledge / News / Textiles / Ikea to invest Rs 750 cr in Maharashtra, opens centre
Ikea to invest Rs 750 cr in Maharashtra, opens centre
Feb '18
Ikea to invest Rs 750 cr in Maharashtra, opens centre
Swedish home furnishing company Ikea has opened a 2.3 lakh-sq ft distribution centre in Pune with an investment of Rs 100-crore and is also scouting for land in Maharashtra state to build more warehousing facilities over the next two to three years at an investment of Rs 750 crore, according to Bimal Patel, manager of distribution operations at Ikea India.

The distribution centre will service its first store scheduled to open in Hyderabad this year, followed by another in Mumbai next year, according to a news agency report.

The company, which plans to set up 25 stores in India by 2025 investing Rs 10,500 crore, has also purchased land in Bengaluru and Gurgaon to open more outlets.

The company will employ 600-700 people per unit, Patel said, adding there will be a non-bonded warehouse for domestic goods and a custom warehouse to stock imported goods. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search