Steelcase Leases Office, Sets To Enter India

Leasing office space in IndoSpace Industrial and Logistics Park, US furniture major Steelcase has signaled its Indian entry. This will be the first production unit in India.

Steelcase has leased 50,000 sq. ft. of office space in IndoSpace Industrial and Logistics Park. The group plans to set up their first production unit in India here. Steelcase is a US based furniture major.

IndoSpace Industrial and Logistics Park is located at Chakan in Pune. By leasing out 50,000 sq. ft. of office space in this project which is a joint a venture of Everstone and Realterm Global, the furniture developing major has signaled its India entry.

IndoSpace Chakan is managed by Realterm Everstone Development Management Ltd. The project is one of the latest commercial developments in the area. The project is adorned with world-class facilities and amenities.

The project remains one of the best locations where the top retailers can have their headquarters even as the project offers office spaces which are adorned with world class amenities and facilities.

Managing Partner of Realterm Brian Oravec, in a press release, said that the project is suitable for the international brands like Steelcase. He added that the project is designed in a way that best suits the expansion policies of the foreign retailers.

Once the unit becomes operational, this will hallmark the Indian entry of the furniture major. Though this is their first production unit in India, this is their third unit in Asia. Previously they have set up production units in China and Malaysia.

Once the new production unit is ready, it will provide job opportunities to almost 100 people.

Commenting on the lease plan, UliGwinner said that the company aims to provide better services to its clients by setting up more production units. Steelcase’s Asia-Pacific Regional head adds that their customer base in India is growing and this is what prompted them to set up production unit in India.

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