Ikea, a Swedish furniture company, opens its first location in India in Hyderabad in 2018.
Five years after receiving approval to invest in India's single-brand retail sector, Swedish home furnishings giant IKEA on August 7 2018, opened its first store there. As it expands operations in India, the company, which has 950 direct employees and 1,500 indirect ones at its store here, plans to hire 15,000 people over the next few years. Jesper Brodin, CEO of IKEA Group, stated that the company's journey in India, which started more than three decades ago with product sourcing, has reached a significant turning point with the opening of the first store.
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