IKEA more than doubles India bet to $2.2B, targeting Noida and Gurgaon large-format stores
IKEA plans to raise its India investment to $2.2 billion by 2030, up from a $1.1 billion 2013 commitment. The push spans new stores, mixed-use retail centres, local sourcing and manufacturing, with large-format outlets slated for Noida next year and Gurgaon in 2028.
IKEA plans to more than double its India investment to $2.2 billion by 2030, expanding stores, mixed-use retail centres, local sourcing and manufacturing. New large-format stores planned for Noida and Gurgaon.
Why this matters
The move builds on IKEA's ₹11,000 crore pledge to add 25 India stores and deepen local sourcing by 2030, and its bet on smaller-city formats as Indian homes reshape its retail playbook.
Retail-company signals are accelerating, up 846000% QoQ.