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Economy News

The Economic Times

Economy / The Economic Times

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Ikeas India makeover: 11,000 crore push to expand stores and local sourcing

By the year 2030, Ikea aims to invest close to eleven thousand crore rupees in India, launching twenty-five stores of varying sizes across the nation. The Ingka Group's commitment includes over seven thousand five hundred crore rupees for new facilities in Gurugram and Noida, set to open in 2027 and 2028. Additionally, Ikea is looking into collaboration opportunities for its existing land assets.

15 Jul 2026 12:19 am