Ingka centres, which ownes most of IKEA stores said that it is up its first shopping centre in India for an investment of Rs 5,500 crore.
This will be launched in Noida, Uttar Pradesh. The company already has 45 shopping centres in Europe, Russia and China.
“We are happy to announce the first Ikea store in Noida together with Ingka Centres. The Delhi-NCR region is one of our most important markets in India. This is in line with Ikea’s ambition to meet 100 million people in India in the coming years,” said Peter Betzel, CEO and CSO, Ikea India.
