IKEA Group, the leading Swedish home furnishings company, plans to open 25 stores over next 10 years in India. It also plans to double its sourcing from India to 600 million euros by 2020.

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The current volume of sourcing is 300 million euros. About 70 percent of the current sourcing is in textiles and rugs. IKEA is investing Rs 700 crore on the Hyderabad store spread over 400,000 sq feet. It will hire 500 direct workers and provide 1,500 indirect jobs.It will host 5-6 million customers every year.The store will exhibit home furnishing solutions. It will be more than retailing and offer a complete shopping experience.