Retail in Asia

In People

IKEA starts hiring, gears up to open 1st India store by 2017

Swedish furniture retail giant IKEA has started hiring in India as it gears up to open its first store in the country by 2017.

The company has earmarked INR10,500 crore (INR105 billion, USD1.58b) investment for the country to open 25 stores over a decade and has already acquired land in Hyderabad where it is most likely to open its first store.

"We have started (hiring) but of course there are few positions. We are preparing everything and in the next few months we will expand and we will have to do more employment," IKEA India CEO Juvencio Maeztu told PTI here on the sidelines of Economist India Summit.