Swedish furniture major IKEA has begun spade-work to launch its first retail store in India at Hyderabad, to be developed with an investment of about Rs 700 crore. While it scouts for land to set up more stores and partners to expand sourcing, its first store is expected to be ready by mid-2017. With a built-up space of about 4 lakh sq ft, the store is expected to feature over 7,500 home furnishing products apart from a 1,000-seater restaurant. IKEA is planning a chain of stores in India over the decade. The aim is to set up 25 stores by 2025. This is an indication of a fresh business opportunity for the signage companies whose activities involve in in-shop branding and display jobs.
