After announcing its plans to enter Gurugram, Sweden-based Ingka’s Group’s home furnishings brand Ikea plans to have stores in Delhi as well as Noida.
The company will enter the NCR market via an Ingka Centre which will be developed in Gurugram. The centre is a mixed-use retail destination that will be anchored by a large-format Ikea store and it is expected to be developed within the next three to four years. In addition, the company plans to have an omni-channel approach that will have a combination of “big and small stores” as well as an online presence.
Speaking with IANS, Ikea India’s CEO Peter Betzel, who also acts as the company’s Chief Sustainability Officer said: “We have bought land in Gurugram and Noida and in parallel looking for suitable locations in Delhi. We should be able to announce the timelines (for Delhi and Noida projects) in the near future.”
At present, the company is present is Mumbai, Pune, Hyderabad, Bangalore, Ahmedabad, Surat and Baroda. “India remains one of the important growth markets for the Ingka Group. We have the ambition to meet more than 200 million people by 2025,” Betzel continued.
