IKEA is planning to set up two stores in Chennai which will become operational by the year 2019-20.
The company is scouting for land. The stores will spread over eight to twelve acre of land.
IKEA will invest Rs 2,000 crore in the two stores and will provide employment to 4,000 people.
It will take 12 months for construction and six months to get various approvals. The new stores will span about four lakh sq ft each.