IKEA's first India store will come up by mid-2018

IKEA, the world’s largest furniture retailer, has spent Rs 1,000 crore over the past two years in creating infrastructure, including land and distribution centres, ahead of opening its first store in the middle of 2018. The investment is nearly 10% of its Rs 10,500-crore investment proposal that was cleared by the Foreign Investment Promotion Board to open 25 stores — each large enough to fit about four football fields — in the country by 2025.