India

IKEA to double India investment to $2.2 billion in five years, expand stores and online footprint

January 20, 2026

IKEA plans to increase its investment in India to over $2.2 billion in the next five years, focusing on expanding its store presence and enhancing online sales. The company aims to open 30 new stores while boosting local sourcing and manufacturing to cater to the growing Indian market.

Representational image. PTI

Credit: Firstpost

Key Highlights

IKEA's investment in India will exceed ₹200 billion ($2.2 billion) over five years.
The company targets the launch of 30 new stores in India.
IKEA will enhance local sourcing and manufacturing operations.
The expansion reflects India's growing significance as a market for IKEA.
IKEA entered the Indian market in 2018.

World Business

Sources

IKEA to double India investment to $2.2 billion in five years, expand stores and online footprint

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

IKEA to double India investment to $2.2 billion in five years, expand stores and online footprint

Key Highlights

Sources

Related Stories

ED conducts searches across three states in Rs 100-crore fake ITC fraud case

Sanjeev Khirwar assumes charge as MCD Commissioner

MGNREGA turned into hub of corruption under Cong rule: Shivraj Singh Chouhan