August 2019 \ Business & Investment \ BUSINESS AND GOVERNANCE
Telangana furniture park

  • Mr Jayesh Ranjan

The Telangana Government will be a setting up a dedicated industrial park for furniture manufacturing in Hyderabad. The Furniture Park will come up over 100 acres of land on the outskirts of the city. It will house various furniture manufacturers. State’s Principal Secretary, Industry and Commerce, Mr Jayesh Ranjan revealed this at the first anniversary celebration of leading Swedish home furnishing retailer IKEA’s first India store here.

Urging IKEA to bring their global suppliers to set up operations at the proposed park, he suggested IKEA officials explain to their suppliers the benefits, incentives and support the Telangana Government will offer. Mr Ranjan said a separate enclave in the park may be created for the suppliers of IKEA, adding that the move will also help IKEA manage the logistic costs as it look to open stores in various parts of the country. He also wanted IKEA to play an active role in getting the proposed academy in retail skills to Hyderabad. The Retail Association of India (RAI) proposed to set up the academy.