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Ikea to invest Rs 12,500 crore in India, eyes 25 stores in 10 yrs

 Ikea to invest Rs 12,500 crore in India, eyes 25 stores in 10 yrs


World's largest furniture retailer Ikea said on Wednesday plans to invest Rs 12,500 crore to set up 25 stores in the country over the next decade.



The new stores, each needing investment of around Rs 500 crore, will come in the cities such as Mumbai, Delhi, Hyderabad and Bangalore, the Swedish furniture retailer said.



Ikea India has already received FIPB nod to invest Rs 10,500 crore.


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  • 18 September, 2014
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