 "IKEA")
World's leading furniture retailer IKEA is exploring the possibility of making West Bengal a sourcing hub for natural fibre and bamboo, state Finance Minister Amit Mitra said at the MSME Conclave on Tuesday.
According to a presentation made by an IKEA official at the conclave, IKEA’s purchasing operations from India stood at Rs 30 billion in the 2017-18 fiscal year. IKEA sources around Rs 20 billion of natural fibre and bamboo for its furniture. The company has expressed interest in procuring the products from bamboo- and natural fibre-rich Bengal, provided it met quality norms, Mitra said.
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