As it opens its fifth store in the country, Susanne Pulverer, CEO and CSO, IKEA India, says the Swedish home furnishing retailer plans to invest close to Rs10,500 crore in the Indian market
Swedish home furnishing retailer IKEA opened its fifth store in India on Thursday and its third outlet in Mumbai, spread across 72,000 square feet. In 2019, the company started its ecommerce services in the country followed by a store launch in Navi Mumbai in 2020.
Only last month, IKEA launched a 460,000 square feet store in Bengaluru. The company has allocated investments of Rs6,000 crore for Maharashtra and Rs3,000 crore for Karnataka. For the Indian market, the Swedish firm plans to invest Rs10,500 crore.