Ikea India to invest around $2 billion in Indian cities

Ikea India, a furniture and home furnishing products unit of Netherlands-based IKEA Group, intends to invest over 12,000 crore rupees (approximately $2 billion) in Indian cities.

Ikea India expects to align with the new global structure and competencies to build a future-ready organisation in terms of skill sets. It also plans to open its store in Mumbai, with plans to go digital next year.

The company said that the long-term goal is to maximise local sourcing to increase affordability and also tap into the many sustainable raw materials India has to offer to create more sustainable products in its range.

Besides jobs in the stores and new city centres, Ikea India will also create a lot of new roles in areas such as digital, data analytics, diversified fulfilment networks and personalisation. About 3,000 new jobs are expected to be created in the next two years and out of which 50 percent will be women.