homephotos Newsretail NewsIKEA opens doors of its first store in India

IKEA opens doors of its first store in India

SUMMARY

IKEA opens doors in India, with its first store coming up in Hyderabad on Thursday. The Swedish retailer, after over a decade of floating the idea of an Indian expansion, is making its entry with a 400,000 square foot store, where 1,000 of items, including DIY furniture, cutlery and soft toys will be priced at less than Rs 200. Image Source: Associated Press (AP)

Profile image

By CNBC-TV18 Aug 9, 2018 9:17:03 AM IST (Updated)

Listen to the Article(6 Minutes)
CNBCTV18
Image count1 / 8

IKEA India CEO Peter Betzel, addresses a gathering ahead of the opening of IKEA's first store in India in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count2 / 8

A staff arranges India’s first IKEA store ahead of its opening in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count3 / 8

Staff arrange furniture inside India’s first IKEA store ahead of its opening in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count4 / 8

A staff arranges cakes inside India’s first IKEA store ahead of its opening in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count5 / 8

Staff walk inside India’s first IKEA store ahead of its opening in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count6 / 8

A motorist rides past India’s first IKEA store ahead of its opening in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count7 / 8

IKEA Group’s CEO, Jesper Brodin addresses a gathering ahead of the opening of its first store in India in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

CNBCTV18
Image count8 / 8

IKEA Group’s CEO, Jesper Brodin addresses a gathering ahead of the opening of its first store in India in Hyderabad, India, Wednesday, Aug.8, 2018. The Swedish furniture giant opens doors of its first store in India on Thursday. (AP Photo/Mahesh Kumar A.)

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change