Furniture Major IKEA

The company is providing relocation support to its employees, who opt to move to a Bengaluru under the "relocation policy"

The total number of COVID-19 cases in India has now climbed up to 236, including foreigners, the Union Health Ministry said on Friday.

Flipkart, Pantaloons and Pidilite are emerging names in furniture retail, keen on making headway in a fragmented market

HomeTown and Homestop to expand their product portfolios, tapping a wider set of consumers

The founder of world's largest furniture company IKEA Ingvar Kampard, multi-billionaire recluse dies at 91

Representatives from Swedish furniture major IKEA today met Commerce & Industry Minister Suresh Prabhu here, as the company looks to ramp up its presence in India. However, IKEA has not sought any relaxation in local sourcing norms from the Union Government, and is confident that by 2022, 30 per cent of the products it sells in India will be sourced locally. "We are positive about the change that happened over a year ago (on local sourcing norms) when it moved from first investment/first store opening to five years of first store opening," Patrik Antoni, Deputy Country Manager, IKEA India, told PTI after meeting the minister. The company is set to open its flagship store in India by next year, and is in talks with Telangana, Karnataka, Maharashtra for sourcing wood for furniture. The Swedish company earlier said it will recruit about 800 people for the store which will come up in Hyderabad.