India will be among the top five markets for us: Ikea's Peter Betzel

In a Q&A, the CEO of the furniture retailer's Indian arm dwells on his firm's localisation efforts and long-term commitment to the country

Furniture retailer Ikea will launch its second store in India at Navi Mumbai on Friday. The over 500,000 sq ft outlet will be a flagship store for the Mumbai region, followed by two smaller outlets that will come up in the financial capital by next year. Ikea, according to Maharashtra government officials, has invested Rs 2,000 crore in its Navi Mumbai property alone out of the Rs 6,000 crore set aside for the state. In a conversation with Viveat Susan Pinto, Peter Betzel, chief executive officer and chief sustainability officer, Ikea India, throws light on the retailer's way forward. Edited