Home / Knowledge / News / Textiles / Ikea to open store in Navi Mumbai
Ikea to open store in Navi Mumbai
24
May '16
Swedish home furnishing major Ikea has announced that it has purchased of its first land parcel in Mumbai Metropolitan region to build a 4,00,000-sqft store.

This will be Ikea's second store in the country after Hyderabad. The 23-acre site is strategically located in Navi Mumbai on the Thane-Belapur Road, the company said in a statement. The Hyderabad store which is scheduled to open in the second half of 2017 is also of the same size.

The store in Navi Mumbai will be a huge one of around 4,00,000 sq ft. The Hyderabad store which is scheduled to open in the second half of 2017 is also of the same size.

Ikea expects over 5 million visitors per year to the Navi Mumbai store, underlining its large expansion plans in the country. Its location to an existing suburban railway station, Turbhe, will make the store easily accessible to the public.

Ikea is also evaluating sites in Bangalore, Mumbai and Delhi and NCR and plans to open 25 stores in India by 2025, it said. The company, which received government approval in 2013 for its Rs 10,500 crore proposal to open retail stores under 100 per cent FDI.

"Maharashtra is one of the most important market for Ikea. Along with setting up retail stores, we will expand our supplier landscape and grow local sourcing as much as possible.

"Each Ikea store will employ 500-700 coworkers directly and another 1,500 indirectly, engaged in providing services," Juvencio Maeztu, CEO of Ikea India said.

"We are committed to having 50 per cent women in our organisation at all levels and giving equal opportunities to all. We will bring a unique shopping experience through our inspiring stores offering affordable home furnishing products for the many people in Mumbai," he added. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

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

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search