Swedish furniture major IKEA is likely to inaugurate its first store in India in Hyderabad on July 10. The company’s CEO is expected to inaugurate the outlet and they earmarked Rs 800 crore for the store. This will create many direct and indirect jobs in the state. The store will be 400,000 sq ft of built up area on 13 acres. The Swedish company had earlier said it was going to recruit about 800 people for the store, including 120 for the 1,000-seater restaurant coming up along with the outlet here. Such big way development in the retail sector with the opening of high-end IKEA outlet is an added business opportunity for the signage companies whose main activities involve in in-store branding, designs and others.
