Hyderabad: Leading Swedish home furnishing retail company IKEA, opened doors for its first India store, in Hyderabad, on Thursday.
The IKEA outlet in Hyderabad has been established on an area of over 4 lakh square feet and houses around 7,500 products for sale, where 1,000 of the items, including some cutlery and stuffed toys, will be priced at less than Rs 200. The inauguration of the store is expected to create thousands of job opportunities for locals.
“Over 2500 jobs are being created here in Hyderabad, and if more than 20 IKEA stores open in India, there will be around 50,000 created. We have seen a dramatic improvement in businesses.