India Inc India Inc: Tuesday, 13 February 2018 05:51

Ikea opens distribution centre in Pune

Swedish home furnishing major Ikea has opened a Rs 100-crore ($16-million) distribution centre in Pune, and is also scouting for land in Maharashtra to build more facilities at an investment of Rs 750 crore ($117 million) in the next two to three years.

Bimal Patel, Manager, Distribution Operations at Ikea India, said: “We have opened a 2.3 lakh sq ft distribution centre in Pune, on leased land and have pumped in Rs 100 crore into this. We will expand this to 3.7 lakh sq ft by next year.”

The distribution centre has been set up to service its first store scheduled to be opened in Hyderabad by the middle of the year, followed by the second store in Mumbai in 2019.

The company has also purchased land in Bengaluru and Gurugram to open more outlets. Ikea India plans to set up 25 stores by 2025, investing Rs 10,500 crore ($1.6 billion).

The company has so far hired 100 people for its distribution operations in Pune, and is looking to employ at least 200 more there.

The company will employ 600-700 people per unit and will operate a non-bonded warehouse for domestic goods, and a custom warehouse which will stock imported goods.

India Investment Journal’ has in-depth coverage on related topics.

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