IKEA Store (Photo Credit – IKEA Website)
- February 28, 2021, 7:07 PM IST
Kavita Rao, commercial manager of IKEA India in India, said, “Right now we are buying only the soft toys of cotton from India. Now the company is preparing to expand in the category of wooden toys etc. ”
The company was involved in India’s toy exhibition
IKEA participated in India’s toy exhibition. The company is exploring the opportunity to partner with many players in India’s toy segment. Asked if IKEA would increase the purchase of toys from India, Rao said definitely. This is the main reason why we joined the toy exhibition.IKEA to open stores in Noida, invests over Rs 5000 crore in UP
At the same time, IKEA’s store is going to open in Noida. In this regard, an MoU was recently signed between the Yogi government and IKEA. According to the information, IKEA will invest five and a half thousand crores in Noida. She will buy 850 crores of land from the UP government. UP will get a revenue of 56 crores in stamp duty only from the sale of this land.