IKEA to invest huge on three new stores in Maharashtra

Maharashtra government has signed an MoU with the Swedish furniture retailing giant IKEA to set up around three stores in the state. Maharashtra is one of four states, including Telangana, Karnataka and Delhi-National Capital Region (NCR), identified by IKEA to open its stores. One store will need more than eight acres (350,000 sq ft). The company is on the lookout for locations in these states. Big foray of IKEA in the state will bring in a fresh business opportunity for the signage companies whose main activities revolve around in-shop branding, fabrication, designs and other related activities.