IKEA opens fourth global product development centre in India, deepening local play
IKEA's Inter IKEA Group has set up a Mumbai-based product development centre, joining hubs in Sweden, China and Vietnam. The unit has launched 150 of 500 planned India-designed products, with 220 in development across 40 suppliers. Local sourcing is being scaled from 30% toward a 50% target on a $400M annual base.
IKEA has set up its fourth global product development centre in India, after Sweden, China and Vietnam, to design home furnishing products for Indian and overseas markets, deepening local sourcing from 30% toward a 50% target.
Why this matters
Builds on IKEA's earlier move to set up an India product development arm focused on affordable, locally-relevant home goods and tapping local craftsmanship, now formalised as a global hub.
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