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Ikea to build smaller stores in India

Industry Retailing

Ikea, the world’s biggest furniture retailer, is planning smaller stores in India. Typically, an Ikea store spreads over 350,000 square feet on a land of 10-15 acres. It has a two-level building with parking space for at least 1,500 vehicles, either in front of the building or under the building, depending on the land prices. The company has got an approval to invest Rs.10,500 crore for its India expansion.

Extracted from FE, Nov 17,’15

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