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)

By CNBC-TV18Aug 9, 2018 9:17:03 AM IST (Updated)

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.)

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.)

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.)

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.)

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.)

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.)

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.)

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.)