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IKEA India is doubling down on its commitment to the Indian market, pledging a total investment of Rs 21,000 crore by 2030. With its initial investment goal already met, the retailer is now pivoting toward aggressive expansion: aiming for 30 stores nationwide, a four-fold increase in annual revenue to Rs 8,000 crore, and a significant boost to its "Make in India" sourcing efforts. The strategy emphasizes a mix of retail presence, sustainable infrastructure, and digital transformation to solidify India as a top-tier global growth market.
News by Rahul Yelligetti.
