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Karnataka Chief Minister Basavaraj Bommai on Wednesday, 22 June, said leading Swedish home furnishing retailer IKEA has decided to invest about Rs 3,000 crore in the state.
"The company has decided to invest about Rs 3,000 crore," Bommai said.
He had held preliminary talks in this regard with IKEA's CEO during his recent visit to Davos in Switzerland to participate in the World Economic Forum meeting.
According to the company, IKEA has employed 1,000 co-workers with 72 percent local co-workers and plans to hire more people from the local neighbourhood.
The store also believes in empowering women and has seen women taking up jobs traditionally reserved for men, such as forklift driving, power stacking, assembly, and installation services, the company added.
IKEA was keen to launch their first outlet in Bengaluru, but it faced a few hiccups. The company has opened its outlet after struggling to get suitable land to set up the outlet, he added.
Industries Minister Murugesh Nirani, Ambassador of Sweden Klas Molin, IKEA India CEO Susanne Pulverer were among others present at the inaugural.
Spread over 12.2 acres, the 4,60,000 sq. ft. IKEA Nagasandra store will feature more than 7,000 well-designed home furnishing products along with over 65 beautifully designed room sets for ideas and inspirations at home.
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