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

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Textiles | On 16th Oct 2018

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Tajikistan’s production of textile and apparel rose by 30 per cent in ...

Courtesy: Good On You

Apparel/Garments | On 16th Oct 2018

Good On You aims to give consumers access to brand info

Australia based Good On You, an app that provides ratings of over...

Courtesy: Rieter

Textiles | On 16th Oct 2018

Rieter launches new ring and compact spinning machines

Rieter has launched G 37 and G 38, the new ring spinning machines,...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search