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Ikea Plans ₹11,000 Crore India Push With 25 New Stores
Ikea will invest ₹11,000 crore to open 25 stores in India by 2030, with the first two in Gurugram and Noida opening in 2027 and 2028.
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Ikea plans to invest ₹11,000 crore in India by 2030, opening 25 stores of varying sizes across the country. The Ingka Group, which operates most Ikea stores globally, has committed over ₹7,500 crore to new facilities in Gurugram and Noida, set to open in 2027 and 2028. The company is also exploring partnership options for its existing land holdings in the country.
The expansion marks a significant ramp-up for the Swedish furniture retailer, which currently operates a handful of stores in India after entering the market in 2018. The new stores will include both large-format outlets and smaller city-center formats designed to reach more urban shoppers.