IKEA India

IKEA starts work on Navi Mumbai store; to open in January 19

Global home furnishings retailer IKEA will open its second store in the country in Navi Mumbai in January 2019 with an investment of around Rs 1,000 crore.

May 18, 2017, 13:15 PM IST
IKEA to invest Rs 2,000 cr in Haryana; signs MoU with state

IKEA to invest Rs 2,000 cr in Haryana; signs MoU with state

Swedish furniture retailing giant IKEA Tuesday signed a memorandum of understanding with Haryana government and said it will invest an estimated Rs 2,000 crore to open its stores in the state.

Mar 08, 2016, 22:07 PM IST
IKEA India staff to get Rs 1.12 lakh as pension pay-out

IKEA India staff to get Rs 1.12 lakh as pension pay-out

The company said it has put another Rs 737 crore into the pension fundings of its co-workers all over the world.

Dec 03, 2015, 18:16 PM IST

IKEA seeks relaxation local sourcing norms in India

Swedish home furnishings major IKEA has sought relaxation from the government for five years over mandatory 30 percent local sourcing norms from opening of its first store in India.

Nov 04, 2015, 22:35 PM IST

Working on sustainable model for sourcing in India: IKEA

Swedish furniture retail giant IKEA Thursday said it is working on a long-term sustainable model for raw material sourcing in India.

Sep 17, 2015, 19:07 PM IST

India a very important market for us: IKEA

Global home furnishing major IKEA is betting big on India as the next major destination for its global expansion plans.

Aug 25, 2015, 16:46 PM IST

IKEA plans to ramp up sourcing in India, eye new categories

Swedish furniture retail major IKEA is mulling increasing sourcing of items from India and widening its supplier base in the country.

Feb 11, 2015, 14:38 PM IST

IKEA India CEO to meet DIPP Secy, to discuss e-commerce

"The meeting between Kant and Maeztu will discuss its 'make more in India' initiative of the company to increase sourcing from India as the company wants to produce maximum products in India," a source said.

Feb 10, 2015, 22:13 PM IST

IKEA to double sourcing from India by 2020

World's largest furniture retailer Ikea Wednesday announced a new initiative 'Make More in India' as it plans to double its sourcing from the country to about 630 million euro by 2020.

Dec 10, 2014, 18:24 PM IST

IKEA looks to scale up furniture sourcing from India

Swedish furniture chain IKEA, which is in the process of establishing its first shop in India, is looking to scale up sourcing of furniture from the country and also plans to procure bigger items for its global operations.

Nov 28, 2013, 17:20 PM IST

IKEA evinces interest in setting up shop in UP

During meeting it was informed that IKEA planned to establish its stores in four states and UP was high on their priority.

Oct 24, 2013, 12:32 PM IST

No dilution of permission granted to Ikea: FinMin

Earlier this week, the Foreign Investment Promotion Board (FIPB) had reportedly halved the product range that Ikea listed out at 30 items.

Nov 24, 2012, 17:54 PM IST

FinMin to decide on IKEA's FDI proposal on Tuesday

IKEA's proposal to set up 25 stores in India is listed on the agenda of Foreign Investment Promotion Board (FIPB), which will meet Tuesday to consider 27 FDI proposals.

Nov 19, 2012, 19:16 PM IST

Ikea may create new product range for Indian market

The Swedish home decor firm, the world's largest furniture maker, in June announced 1.5 billion euros (Rs 10,500 crore) investment in India.

Oct 11, 2012, 00:06 AM IST

IKEA files final application for opening stores in India

This was one of the major issues raised by IKEA while approaching the government in June this year with its plans to invest 1.5 billion euro (Rs 10,500 crore) in India to set up 25 stores.

Oct 08, 2012, 20:24 PM IST

Opening of store in India subject to full govt approval: IKEA

The company had earlier said that "the conditions applied to local sourcing from SMEs might be difficult for it to live up to".

Sep 16, 2012, 17:24 PM IST