Hyderabad: United Arab Emirates Danube Home Entering India and it will first open in Hyderabad. It enters after Swedish home furnishing company IKEA. Telangana government official said “Danube will be launching its first store in September. Earlier IKEA announced its first India Store with formal opening in Information Technology hub of HITEC city.
As per report Adel Sajan, Director of Danube Group was quoted and said India is a huge market and they can open up to 25-30 stores in fives years. He also added “ they are entering Indian Market as India’s economy is growing and the middle income class population is also expanding rapidly.
Danube Home top official said that in May that they are looking to expand in the Gulf Cooperation Council (GCC) countries and also entering Indian Market with an investments of 300 million Dirham. Danube also said that the biggest home furnishing company in the Middle East, has taken leased premises to open the store at Kothaguda, near HITEC city.
On the other side, Jayesh Ranjan s Principal Secretary,Industry & Commerce as well as government of Telangana said investment and other would be known soon.