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Ikea to open new store in Navi Mumbai

Swedish furniture giant Ikea, which opened its first store in Hyderabad in August this year, plans to open its second store in Navi Mumbai next year. The company also plans to hire 10,000, both direct and indirect, in Maharashtra over the next two to three years. This will include directly hiring 1,000 by mid-next year and 1,500 indirectly for services, including assembly among others. As per the Ikea policy, 50 per cent of this recruitment will be of women at all levels.

The company is the first major single brand retailer to get FDI approval and plans to open several stores and multiple touch points across the main cities over the next 10 years. Ikea has four land sites in Telangana, Maharashtra, Karnataka and Delhi/NCR, and continues to look for more in other major cities. It operates 423 Ikea stores in 50 countries with a sales volume of 38.3 billion euros.

 

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