After Rs 10,500 crore infusion, Ikea plans further investment in India

Ikea India on Tuesday also announced its second price cut, which is 16-39% across its products

IKEA India has invested most of the Rs 10,500 crore it had set aside for the country and is currently working on a roadmap for the next phase of investments in the country.

In 2012, the Swedish furniture retailer had committed to investing Rs 10,500 crore in two phases. Since then, it has opened three large-format stores in Hyderabad, Navi Mumbai and Bengaluru.

It also has two city stores, both of which are within Mumbai.

Ingka Group, the parent of IKEA, has also allocated Rs 7,500 crore to open two shopping centres in the National Capital Region (NCR).

“We have