Business keyboard_arrow_right Sourcing keyboard_arrow_right News

IKEA to spend Rs. 100 Cr on warehouse expansion in India

Ikea Warehouse
Image Courtesy:

Sweden-based global furniture retailer IKEA has announced to expand its warehousing capacity in Chakan near the Indian city of Pune. The company, which is all prepared to foray into the Indian market, will invest an additional Rs. 100 crores in the expansion of the facility.

The Chakan warehouse, spread over an area of 2.7 lakh square feet at present, will be expanded to 3.3 lakh square feet. It will serve the forthcoming stores in Hyderabad, Navi Mumbai, Gurgaon and Bengaluru.

The warehouse will also increase its workforce to 200 by the year-end, reportedly informed IKEA’s Indian official. Currently, 100 people are working at its warehouse.

Further, the retailer is also working to kick-off its online operations in India soon.

The world’s largest furniture retailer, which got the Indian Government’s approval to start operations under the single brand retail category in 2013, will open its first store in Hyderabad. It has already opened its first ‘Hej Home’ in the city in November last year. The ‘Hej Home’ is an experience zone where consumers can touch and feel and get to know the benefits of the products offered by the retailer.

The exact date of the store opening is yet to be announced by the retailer. Over 7,000 home furnishing products will be offered at the store.