IKEA commits ₹11,000 crore to open 25 India stores by 2030 and deepen local sourcing
Ingka Group plans nearly ₹11,000 crore to scale to 25 stores by 2030, with ₹7,500 crore earmarked for Ingka Centres in Gurugram and Noida. IKEA is also exploring partnerships on land in Hyderabad, Bengaluru and Mumbai as FY25 revenue reached ₹1,860 crore on 6% sales growth.
IKEA will invest nearly ₹11,000 crore to open 25 stores in India by 2030, expand local sourcing and hiring, and build Ingka Centres in Gurugram and Noida, while exploring partnerships on land holdings in Hyderabad, Bengaluru and Mumbai.
Why this matters
The ₹11,000 crore plan aligns with IKEA's broader move to double India investment to over ₹21,000 crore by 2030, doubling workforce and sourcing while adding ~25 stores across six markets.
Store-opening activity is steady, with 1,102 signals tracked over the past 90 days.