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IKEA parent planning to expand footprint, set up shopping malls in India

The Swedish company has 45 such shopping centres across 15 countries, and, together, they have attracted over 450 million visitors.

Peter Betzel, CEO of IKEA
“As part of Ingka Center’s global expansion strategy, we are interested in developing IKEA-anchored meeting places in India,

Swedish giant Ingka Group, which owns the famous furniture and lifestyle brand IKEA, is planning to bring its retail format “Ingka Centres”, anchored by an IKEA store, into India.   Sources say that the company is looking to set up these centres in the cities of Delhi-NCR, Mumbai and Bengaluru. Globally, the size of these shopping malls or centres, some of which will be through the acquisition of existing malls, range from as much as 20,000 square metres to over 220,000 square metres and are meant to drive visitations to the anchor IKEA store.   The Swedish company ...