Swedish furniture giant IKEA steps up expansion in India to make up for lost time due to Covid-19
The company, which opened its first store in Hyderabad in 2018, is targetting to roll out more stores in 30 Indian cities within seven years.
Chris Kay 6 March, 2021 11:47 am IST Text Size:
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Furniture giant Ikea is accelerating its India expansion after a nationwide pandemic lockdown last year delayed the construction and opening of new stores in one of its fastest-growing markets.
“If you have a lockdown you can’t continue to construct,” Peter Betzel, Ikea’s chief executive officer for India said in an interview. “But now we are back in full speed.”
Honda discontinues CR-V, Civic as it shuts Greater Noida plant
The automaker said the decision to stop production at the plant, which came up in 1997, has been taken as part of realignment of manufacturing operations to improve business efficiency. Updated: December 23, 2020 11:36:16 pm
Employees carry out final visual inspections of Honda Motor Co. Mobilio vehicles on the production line at the Honda Cars India Ltd. plant in Greater Noida, India, on Tuesday, July 15, 2014. (Photographer: Udit Kulshrestha/Bloomberg)
Honda Cars India Ltd (HCIL) on Wednesday said it will discontinue its CR-V and Civic models in the country, as the automaker formally announced the closure of manufacturing operations at its Greater Noida facility in Uttar Pradesh. Both these models were being manufactured at the plant.
Jubilant FoodWorks makes foray into Biryani segment with brand ‘Ekdum!’ Ekdum! will offer a variety of biryanis from across India along with kebabs, curries, breads, desserts and beverages.
By: PTI | New Delhi | December 17, 2020 1:59:44 pm
An employee serves a plate of biryani rice at the restaurant inside the Ikea store in Hitech City on the outskirts of Hyderabad, India, on Thursday, Aug. 9, 2018. (Photographer: Udit Kulshrestha/Bloomberg)
Jubilant FoodWorks Ltd (JFL) on Wednesday said it has entered into the Biryani segment with a new brand ‘Ekdum!’ as part of its portfolio expansion.
JFL, part of Jubilant Bhartia Group, is one of the largest food service companies and operates Domino’s Pizza restaurants, Dunkin’ Donuts and Hong’s Kitchen.