CURRENT AFFAIRS

Detailed explanation-1: -Ulf Smedberg, Country Marketing Manager, IKEA India said “We are delighted to be in India and the IKEA Hej HOME launch in Hyderabad today, is a great opportunity to meet the many people who share our passion for home, children, family, food and most importantly our strong values of togetherness and love!

Detailed explanation-2: -World’s leading Swedish home furnishings retailer IKEA on 28 July opened its first in-mall store in India at R CITY in Mumbai’s Ghatkopar (West) area.

Detailed explanation-3: -IKEA entered India in 2018 and since then has opened one store in Hyderabad and two in Mumbai. Its next two stops are Bangalore and Delhi.

Detailed explanation-4: -The new store in Nagasandra, Bengaluru, involves an investment of Rs 3, 000 crore, is spread across 460, 000 sqft and has more than 7, 000 home furnishing products on offer. It’s also the largest Ikea store in India.

Detailed explanation-5: -Brodin returned to Sweden and told Chandra that if he can get him back to India again, he would promise him a flight to Sweden. The persuasion continued and thanks to Pradeep’s persistence, IKEA agreed to set up shop in Hyderabad.