Ikea India plans to set up 25 stores by 2025, investing Rs10,500 crore. “We have opened a 2.3 lakh sq ft distribution centre in Pune, on leased land and have pumped in Rs100 crore into this. We will expand this to 3.7 lakh sq ft by next year,” Bimal Patel, the manager, distribution operations at Ikea India, told PTI. We are looking to hire another 200 people once our distribution operations are running in full steam,” he said. Last year, Ikea India had committed to double its local sourcing from €318 million to €600 million by 2020.

Source: Mint February 11, 2018 07:41 UTC