Swedish furniture maker Ikea Ltd will open its first India store in Hyderabad on 19 July, five years after the it got approval from the government to invest ₹ 10,500 crore in the country. Ikea has already invested ₹ 1,000 crore for its Hyderabad store. It aims to reach 200 million customers in India in the next three years.

Publication: Live Mint (Online)

Date: July 8, 2018