The record
Written from the 1 report below. Nothing here is unsourced.
- IKEA India is expanding in Karnataka, with CEO Patrik Antoni meeting Chief Minister DK Shivakumar to discuss new stores, local sourcing and building a wider vendor base.
- The company has invited the Chief Minister to inaugurate its second Bengaluru store at Konanakunte Cross.
- IKEA currently runs stores across seven Indian locations and aims to reach 30 stores by 2030, while planning to more than double its India investment to over ₹21,000 crore and grow turnover four-fold to about ₹8,000 crore.
- The Karnataka push includes both retail expansion and deepening local sourcing and supplier development.
What to watch next
- Inauguration and opening timeline of the second Bengaluru store at Konanakunte Cross
- Details of new local sourcing agreements and vendor development in Karnataka
- Progress toward IKEA's 30-store and ₹8,000 crore turnover targets by 2030
Coverage1
1 report
English national1
All filed from India
Named India · Karnataka · DK Shivakumar · IKEA · Patrik Antoni
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.