IKEA Talks Mumbai Expansion, Import Taxes And Coronavirus Impact

IKEA Talks Mumbai Expansion, Import Taxes And Coronavirus Impact

SUMMARY

IKEA is now planning to open one of its large-format stores in Mumbai

IKEA is holding discussions with the government on increased import taxes

Coronavirus has also affected the business of IKEA in India

In a bid to increase the offline presence in India, Swedish furniture retailer IKEA is now planning to open one of its large format store in Mumbai. Speaking on the sidelines of Retail Leadership Summit in Mumbai, IKEA India’s managing director Peter Betzel said that the company will also open a store in Navi Mumbai in the next few months.

In addition to the large format store, IKEA is also planning to open at least one small store in Mumbai by the end of 2020 to strengthen its position in the financial capital of India. IKEA is already working on these smaller stores which are located in South Mumbai, as well as western and central suburbs of the city. The company has selected Turbhe for its first store in Navi Mumbai, according to a Business Standard report.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.