"We want to be accessible and from tomorrow we will be accessible in Hyderabad. Now we will try our best to speed up our expansion to move quicker than normally we do in IKEA," IKEA Group CEO Jesper Brodin said here.
IKEA had originally planned to open the first store in 2017. However, it was delayed and was scheduled for July 19 this year. The company again pushed it back to August 9 citing quality commitments.
Out of the total outlay of Rs 10,500 crore, the company has so far invested Rs 4,500 crore on different projects.
It has invested Rs 1,000 crore on the Hyderabad store alone, which would have a range of around 7,500 products.
The store is spread over 13 acres and has a built up area of 4 lakh sq ft.
He said the company would also have online channel for its customers and set up small format stores within cities in order to provide IKEA experience.
Betzel said India will be one of the most important future markets for IKEA in terms of supply, customers and making a positive impact on society.
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