IKEA opens fourth global product development centre in India, expanding beyond sourcing role
Inter IKEA Group has set up a Mumbai-based product development unit, joining Sweden, China and Vietnam. The centre will design 500 affordable products for Indian and export markets, with 150 already launched and 220 in development across 40 suppliers. India sourcing currently sits at 30%, targeting 50%, alongside EUR 400 million annual procurement.
IKEA has set up its fourth global product development centre in India, joining Sweden, China and Vietnam. The unit will design 500 affordable products for Indian and export markets, deepening India's role beyond sourcing toward 50% local sourcing.
Why this matters
Marks IKEA's shift from treating India as a sourcing base to a co-creation hub, deepening local play through design tailored to Indian craftsmanship and price points alongside export ambitions.
Retail-company signals steady at 1,816 over the past 90 days.