Ikea in India

[Navjot Singh]

Govt is waiting for them to expand throughout the country and then they will do a couple of IT, and ED Raids. Probably slap a fine to the tune of several hundreds of crores. And then start imposing restrictions because local furniture shops are unhappy.

 

[Yatch]

@Navjot Singh Dont think that would happen. That would send a very bad signal to foreign investors. So far these actions have been rightfully limited to Chinese companies using shady practices.

 

[Navjot Singh]

Has the government done anything so far that has sent a positive signal to investors?

 

[igloo]

when is gurugaon store coming? Have so many pending stuff.

 

[Navjot Singh]

Just get it made from a carpenter. Ikea stuff is probably not even durable.

 

[Sushubh]

IKEA parent Ingka Group announces its first retail centre ‘Lykli’, to open in Gurugram in 2025 - CNBC TV18

“Ingka Centres’ move to India is a part of its strategy to expand into new markets and to shape a portfolio of retail-led destinations that are fit for the future and appeal to all,” Ignka Centres had said in June 2021.

www.cnbctv18.com

 

[Sushubh]

Ikea to start selling online in NCR by December 2024

The Swedish company is now entering the next phase of growth in the country, marking its presence across major metros and scaling up local sourcing

www.livemint.com

 

[Sushubh]

IKEA Hyderabad to achieve break-even soon, says CEO | IKEA Hyderabad to achieve break-even soon, says CEO

HYDERABAD: Swedish furniture maker Ikea expects its Hyderabad store, the first in the country, to achieve operational break-even in a year or so, the company said on Monday without providing the...

www.deccanchronicle.com

 

[Sushubh]

Shocked By Big Malls Not Allowing Customers To Carry Their Own Bags: Bengaluru Consumer Court Asks Ikea To Refund ₹20 To Customer, Pay Compensation

A consumer court in Bengaluru has directed Ikea India Private Limited to refund a sum of Rs 20 charged for providing a carry bag to its customer along with interest and pay a compensation of Rs 1000...

www.livelaw.in

 

[Sushubh]

Online delivery in Gurugram next year, offline store in 2: IKEA India CEO

Pulverer said that IKEA is also working on increasing sourcing from India, which currently stands at 30%

www.business-standard.com