Ikea is the world leader in the furniture market with 328 stores in about 28 countries. The furniture retailer, best known for its chic products plans to build its stores across India and is expected to stock around 9,600 home furnishing products including some of the classic Ikea products. It plans to open its first store in India at the end of 2017 on a 13-acre plot of land in Hyderabad.
Invest India Support
Invest India assisted IKEA primarily in conducting market research and location assessment since IKEA is planning to open its second store in Mumbai. Simultaneously it is also planning to open the distribution centre for the Mumbai store in Pune. Invest India provided IKEA with assistance in the rules and regulations in respect to its new store in Maharashtra. It is also assisting the company with any clarifications needed with respect to retail policy and clearances needed to begin operations.