'Entry of foreign players in furniture segment to boost growth prospects of Indian market'

SME News, Friday, Oct 12, 2012 11:24:08 AM IST

IKEA not asked yet by Centre to reapply for entering India

IKEA to reapply for opening stores in India as govt relaxes FDI norms for ...

Commerce and Industry Ministry's keenness to broaden SME definition ...

NEW DELHI: Lifestyle International has stated that the entry of new players such as IKEA foraying the furniture segment will boost the growth prospects of the Indian market. Recently, Lifestyle has unveiled its Rs 40-crore investment plans for India.

Lifestyle MD Kabir Lumba said, “On an average we will put in Rs 400 odd crore in the next three years as total investment. We are looking at 6-8 stores for Lifestyle, we are looking at about six stores for Home Centre in next 2-3 years. We have 14 stores for Home Centre. We are looking at 15-25 stores year for Max. For Bossini, we will be looking at 5-10 stores per year. Splash we will be taking the store count to 25 in 3-4 years time.” This statement came on the sidelines of India Retail Forum here.

Splash currently has nearly seven stores in India.

The firm will aim to make the best use of the Landmark group’s synergies and mulling to unveil new format.

next >>

<< previous

Hot Topics

'Entry of foreign players in furniture segment to boost growth prospects of Indian market'

Other Categories

More ways to get us

Subscribe by E-mail