News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Monday, February 12, 2018 10:33:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 3080 Times
Ikea opens distribution centre in Pune, to invest Rs. 7.5 bn in Maharashtra.
Swedish home furnishing major Ikea has opened a Rs. 1 billion distribution centre in Pune, and is also scouting for land in Maharashtra to build more facilities at an investment of Rs. 7.5 billion, a senior company executive has said.

"We have opened a 2,30,000 sq ft distribution centre in Pune, on leased land and have pumped in Rs 1 billion into this.

We will expand this to 3,70,000 sq ft by next year," Bimal Patel, the manager, distribution operations at Ikea India, told PTI.

"We are also scouting for more land in Maharashtra to build our own warehousing facilities over the next two to three years, and have earmarked an outlay of Rs. 7.5 billion for this," he said.

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 Gurgaon to open more outlets. Ikea India plans to set up 25 stores by 2025, investing Rs. 105 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.

"We have hired about 100 people and 50 per cent of them are women. We are looking to hire another 200 people once our distribution operations are running in full steam," he said.

The company will employ 600-700 people per unit, he said.

Ikea will operate a non-bonded warehouse for domestic goods, and a custom warehouse which will stock imported goods, Patel said.

Last year, Ikea India had committed to double its local sourcing from Euro 318 million to Euro 600 million by 2020.

According to the retail policy, the overseas companies have to mandatorily source 30 per cent of their wares locally, preferably from small suppliers.

BS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Embassy Group to invest Rs. 1,000 crore to develop mid-income project in Bengaluru.
UrbanClap, Ikea in pact for furniture assembly service.
PNC Infratech emerges Lowest Bidder for Purvanchal Expressway project.
MDL seeks land for submarine project.
Prism Crop Science to launch ₹15-cr facility.
IndianOil's Ennore LNG terminal to be commissioned by October.
GAIL turns to short-term and spot deals for LNG to meet rising demand.
IOC to double LPG storage at Thimmapur bottling plant.
Ramco Cements to commission Rs. 1,775-cr capacity expansion projects next fiscal.
Retail tech solutions provider Mobisy raises $3.5 million for expansion and R&D.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback