Ikea to increase India presence To double investment to $2.2 billion in 5 years

Blitz Bureau NEW DELHI: Sweden’s Ikea will more than double its investment in India to over $2.2 billion within the next five years, as the global furniture retailer pursues wider expansion through additional physical stores and increased local sourcing. Patrik Antoni, CEO of Ikea India, confirmed the commitment last week, highlighting plans that position India…