IKEA commits ₹11,000 crore to add 25 India stores and deepen local sourcing by 2030
IKEA plans 25 large- and small-format stores across metros by 2030, backed by ₹11,000 crore. Over ₹7,500 crore funds Ingka Centres in Gurugram and Noida, opening 2027-2028. FY25 India revenue hit ₹1,860 crore, up 6%, as the retailer scales hiring and domestic manufacturing.
IKEA plans ₹11,000 crore India expansion by 2030, opening 25 large and small-format stores, boosting local sourcing and hiring. Over ₹7,500 crore goes to Ingka Centres in Gurugram and Noida, opening 2027-2028, plus land development in metros.
Why this matters
The commitment builds on IKEA's ₹20,000 crore bet on smaller-city stores and its plan to double India investment past ₹21,000 crore by 2030, signaling sustained expansion tied to local sourcing.
Store openings holding steady with 1,118 signals in the past 90 days.