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DNA Explainer: IKEA to open store in Noida - Interesting facts about world s largest furniture company
IKEA opened its first store in India in 2018 in Hyderabad followed by the one in Mumbai in 2020. (Image Source: File Photo)
Updated: Feb 20, 2021, 05:44 PM IST
IKEA, the largest furniture and home applications company of the world, is investing Rs 5500 crore in the northern state of Uttar Pradesh during the next five years. Starting with Noida, IKEA plans to open at least three major outlets in Purvanchal and Central UP. The plans for other outlets will be finalized with the opening of Noida Centre.
The furniture giant was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida s Sector 51. The Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to reports.