Home Retail IKEA plans to invest Rs 3,000 crore for three new centres

IKEA plans to invest Rs 3,000 crore for three new centres

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Swedish furniture and home accessories company plans to invest nearly Rs 3,000 crore in the next three years to open three fulfilment centres (packing warehouses) in Mumbai, Bengaluru and Delhi.

IKEA plans to invest Rs 3,000 crore for three new centres
IKEA is set to open its second store in Mumbai later this year, and would hold a ground-breaking ceremony on October 11 in Bengaluru

According to a PTI report: The company would open the centres as an Omnichannelling brand with large IKEA stores, city centre stores and online presence, , Deputy Country Manager (Management) of IKEA India told PTI.

IKEA is set to open its second store in Mumbai later this year, and would hold a ground-breaking ceremony on October 11 in Bengaluru, he said.

The next store would be in Delhi, he pointed out.

By 2025, there would be over 25 stores across cities such as Ahmedabad, Surat, Pune, Chennai and Kolkata with both online and offline approaches, he said. On purchasing strategy of IKEA India, Patrik said there were over 50 suppliers in the country.