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Ikea to invest Rs 750 cr in Maharashtra, opens centre
14
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


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