Ikea foray: Godrej Interio lines up Rs 6 bn investment to expand capacity

Godrej is under the process of launching a new range of steel furniture apart from an under research 'smart mattress'

Godrej Interio, the furniture arm of the diversified Godrej Group, has lined up the investment of almost Rs 6 billion to expand its capacity and product portfolio.

Currently, the domestic home furnishing market is pegged at Rs 620 billion, of which the organised sector share is relatively smaller at 15 per cent but growing fast in tune with the rising incomes and ‘decor consciousness’ among the young working population.

“We have already invested close to Rs 4 billion in our plants and another Rs 2 billion would be invested in near future,” company senior vice-president Subodh Mehta told Business Standard.