IKEA in Uttar Pradesh soon! Check out what the new mall has to offer

The Yogi Adityanath government in Uttar Pradesh has signed an MoU with IKEA, the largest furniture and home applications company of the world, which will invest Rs 5500 crore in Uttar Pradesh during the next five years. Starting with Noida, IKEA plans to open at least three major outlets in Purvanchal and central UP. The plans for other outlets will be finalized with the opening of Noida Centre.

Zee Media Bureau | Feb 20, 2021, 13:19 PM IST

The Yogi Adityanath government in Uttar Pradesh has signed an Memorandum of Understanding (MoU) with IKEA, the largest furniture and home applications company of the world, which will invest Rs 5500 crore in Uttar Pradesh during the next five years. Starting with Noida, IKEA plans to open at least three major outlets in Purvanchal and central UP. The plans for other outlets will be finalized with the opening of Noida Centre.

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Chief Minister Yogi Adityanath was present for the virtual signing of the MoU

Chief Minister Yogi Adityanath was present for the virtual signing of the MoU

The MoU with IKEA was signed virtually in the presence of chief minister Yogi Adityanath. The state government has provided 50,000 square meters of land in Noida for an IKEA outlet which will be one of the biggest outlets.

 

Picture courtesy: IANS

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What is IKEA?

What is IKEA?

Founded in Sweden in 1943 by Ingvar Kamprad, IKEA has been the world's largest furniture retailer since 2008. IKEA is a Swedish multinational company that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other useful goods and occasionally home services.

 

Picture courtesy: Reuters

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Why is everyone excited about IKEA in India?

Why is everyone excited about IKEA in India?

After understanding the needs and requirements of Indian market, IKEA has entered the Indian market with a very clear-cut strategy of Affordability & Accessibility. They offer the lowest possible price to Indian customers along with an aesthetic experience.

 

Picture courtesy: Reuters

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What can you find at IKEA?

What can you find at IKEA?

IKEA is the biggest furniture company in the world, with over 400 stores worldwide, selling affordable household items to millions of customers. You can get local items like spice boxes, tava, pressure cookers, idli makers, etc at affordable prices in IKEA easily. It has wide range of products in kitchenware, dining and bathroom ware too.

 

Picture courtesy: File photo

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What are the other special features of the upcoming IKEA mall?

What are the other special features of the upcoming IKEA mall?

The UP government allotted 12.3 acres in the city to IKEA for what will be the Swedish furniture giant’s first ‘meeting place’ with a shopping, entertainment and business centre revolving around the flagship store. 

Picture courtesy: Reuters

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What about job opportunities at IKEA?

What about job opportunities at IKEA?

The company is expected to invest Rs 5,000 crore in Noida in seven years, Noida Authority CEO Ritu Maheshwari said that officials estimate job creation for 2,000 persons due to the project. According to experts, the company will sell its products online as well as open franchises and showrooms in different cities, through which a large number of people will get the opportunity of trade and employment.

 

Picture courtesy: File photo