Gurugram: Global Furniture Giants Ikea It said on Tuesday that its first Ingca center in India – a mixed land-use commercial venture with an Ikea store – will open in Gurgaon in 2025. Through the Ingka centres, the company said it is investing Rs 400 million (Rs 3,500 crore) in the Gurgaon venture and Rs 900 million (about Rs 7,265 crore) in total in Delhi-NCR – a similar meeting place in Noida. where land has already been purchased for the same.
Tuesday’s foundation stone laying ceremony in NCR city, in the presence of Haryana Chief Minister Manohar Lal KhattarThis came in the backdrop of knowledge of the pandemic-related disruptions and the loss of the company’s India operations.
“It takes time to establish a brand like Ikea, and when we start we want the full experience – meaning, one big Ikea store,” said Ikea India CEO and CSO Suzanne Pulverer. “The way we operate, it needs some lead-time. But, we don’t want to be slow per se! We have now picked up pace with five stores and meeting places, and we are looking to expand rapidly in the years to come. Hope to be able to,” she said.
Ikea had originally committed to invest Rs 10,500 crore in India.
Tuesday’s foundation stone laying ceremony in NCR city, in the presence of Haryana Chief Minister Manohar Lal KhattarThis came in the backdrop of knowledge of the pandemic-related disruptions and the loss of the company’s India operations.
“It takes time to establish a brand like Ikea, and when we start we want the full experience – meaning, one big Ikea store,” said Ikea India CEO and CSO Suzanne Pulverer. “The way we operate, it needs some lead-time. But, we don’t want to be slow per se! We have now picked up pace with five stores and meeting places, and we are looking to expand rapidly in the years to come. Hope to be able to,” she said.
Ikea had originally committed to invest Rs 10,500 crore in India.