Ikea plans to invest Rs1.5 cr in Mumbai

Published on: 

World’s largest furniture retailer Ikea is investing Rs1,500 crore here as part of plans to have 25 stores across India by 2025, and its store in Navi Mumbai is likely to come up within 18 months, an official said. Ikea is among several companies including Amazon, Microsoft, Owens Corning and Emerson which have committed investments in Maharashtra, he said. “Ikea is starting to invest now. They have bought a big piece of land for Rs400 crore in Navi Mumbai for their store,” said Apurva Chandra, Principal Secretary - Industries, Maharashtra government.    

Daily Pioneer
dailypioneer.com