- Friday, April 19, 2024
By: Rithika Siddhartha
IKEA is sharpening its India focus as it plans to double sourcing products from the Indian market to €600 million by 2020, the home furnishing giant from Sweden said. The company is set to start work on its second Indian store in Navi Mumbai next month. “Ikea works on the principle of optimal sourcing for our global markets. Where it makes sense, we will source locally as well. We currently source products worth 318 million euro from India and will almost double this by 2020 to around €600 million,” Henrik Gunnerling, purchase development manager, Ikea range and supply, said in…
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