Mr. Patrik Antoni, Country Manager of Ikea India, confirmed April 2018 as the launch of a 1st Indian unit, in Hyderabad’s IT hub near Gachibowli. This represents an investment ofUS$146 million. Further Ikea stores will follow in Mumbai, Bengaluru and New Delhi. Meanwhile, Ikea will invest US$212 million to build a new warehouse of 100,000 sq.m in Malaysia, which will serve 12 Ikea stores in Southeast Asia (Thailand, Malaysia, Singapore and Indonesia) and the 8 units to be built by 2026 in...
Ikea expands in every direction in Asia.
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