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Swedish home furnishing firm IKEA opened its first Indian store at Hi-Tec City, Hyderabad on Thursday.

IKEA opened first store after five years getting government approval in 2013 to put Rs 10,500 crore in the nation to open retail stores.

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Below are some facts about the newly opened store of IKEA :-

  1. IKEA’s Hyderabad store has invested around Rs 1,000 crore and will house a 1,000-seater eatery, it is the firm’s biggest eatery.
  2. The store is 4,00,000 sq.Ft. vast and spread more than 13 acres of land.
  3. It will offer 7,500 affordable furniture and 1,000 products will be priced Rs 200.
  4. The store in Hyderabad store employs 950 workers in which almost 50 percent are ladies straightforwardly and 1,500 indirectly in services and has expectation of 7 million visitors every year.
  5. After the Hyderabad store, it’s 2nd store will be launched in Mumbai and is expected to be opened by 2019, later in  Bengaluru, Gurugram.
  6. Established in 1943 by late Swedish business person Ingvar Kamprad, firm presently has 403 stores in 49 nations, with a business of 38.3 billion euros.
  7. The firm has been sourcing its items from India for its worldwide stores for over 30 years.
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