Swedish furniture retailer Ikea has decided to open its first Indian store in Hyderabad.
The initiative has been welcomed by K. Chandrashekar Rao, chief minister of Telangana. He assured all necessary clearances through a single window to expedite opening of the store.
Ikea CEO Juvenico Maeztu and CFO Preet Dhupar met the chief minister on July 9. During discussions with Ikea, women entrepreneur groups, bamboo and wood artisans and carpet makers of Warangal have been identified as potential suppliers.
The chief minister told the delegation that steps were being initiated for formulating an integrated policy for industrial growth.
Ikea is one of the world’s largest international furniture, household goods and textiles retail companies. It was one of the first companies in India to be allowed 100% FDI in retail, according to a statement from the chief minister’s office.
Ikea retail outlets have a standard design and each location entails an investment of $100 million. In addition, the backward integration of supplier linkages will have tremendous economic impact to the state.
How much technology is too much technology? Tech has inevitably become asApril 15, 2021 | By Shruthi Nair
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
UAE-based PAN Emirates Home Furnishings has launched its third store in Al
Kitchen and home retailer, Williams Sonoma has opened its first store in
UAE-based Home Box has expanded its footprint in Abu Dhabi by opening
Al-Futtaim ACE launched its brand new express store at Nakheel Mall in
Pan Emirates has unveiled its second store at the Doha Festival City
“The saying home is where the heart is, has now changed to
UAE-based Al Futtaim ACE, a home improvement and outdoor brand, announces the opening
Sweden-based home furnishing retailer, IKEA has opened its new store in Abu
Home-grown furniture brand Chattels & More are expanding in the region with a
UAE-based home furnishing retailer PAN Emirates Home Furnishings announces major expansion plans
Swedish furniture retailer IKEA announced that it would open its second store
Muscat – The globally renowned furniture brand, IKEA, is all set to