Business Standard

Ikea rushes to make up lost time on India expansion after delays

The company opened its second India store on the outskirts of Mumbai in December and another in the southern city of Bengaluru is now on course to be completed in 12 months

IKEA
Premium

Chris Kay | Bloomberg
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.”

The company opened its second India store on the outskirts of Mumbai in December and another in the southern city of Bengaluru is now on course to be completed in 12 months, Betzel said, adding that he was hopeful of meeting

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 06 2021 | 12:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com