India Business Journal - IKEA plans Rs 10,500-cr investment in India

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IKEA plans Rs 10,500-cr investment in India

IBJ Bureau
Dec 30, 2020

IKEA, a part of the Ingka Group, plans to invest Rs 10,500 crore in its India operations. The Swedish furniture retailer will be investing Rs 6,000 crore in Maharashtra by 2030, according to the company. The leading Swedish home furnishing retailer recently opened the doors to its Navi Mumbai store. The Navi Mumbai Store is IKEA’s second store in India and the first, big-format store in Maharashtra. With its big plans, IKEA aims to provide over 6,000 jobs in Maharashtra, of which 50 per cent will be for women. After the Navi Mumbai store, two more city centre IKEA stores will be opened in 2021.