Rs 850 Crore Investment In India Unit Planned By IKEA
Global furniture brand IKEA has planned to infuse Rs 850 crore in its Indian unit. The firm in its statement said that India is identified as a future growth market for the Ingka group. The fund infusion received is part of the Rs 10,500 crores announced initially. IKEA has planned an investment of Rs 6,000 crore by 2030 in Maharashtra and has opened its first small-format city store in Mumbai.Â