Tag: IKEA

IKEA India appoints Murali Iyer as new CFO

Swedish home furnishings major IKEA announced the appointment of Murali Iyer as its new Chief Financial Officer, in India, according to The Hindu report. He takes over from Preet Dhupar, who has moved into a global role within Ingka Group, that owns IKEA, as per a company statement. Iyer would be part of IKEA India…

IKEA to create 2K jobs, opens its first India mall in Noida

IKEA has been handed around 50,000 sq metres land for facility in Noida. The company, according to Ritu Maheshwari – Noida Authority CEO, will invest Rs 5,000 crore in the city in the coming seven years, and, as a result, will create jobs for 2,000 persons. Maheshwari said in a tweet, “In dignified presence of CM…

IKEA signs MoU with UP, plans to invest Rs 5,000 crore.

The world’s largest furniture retailer IKEA is planning to invest Rs 5,000 crore in Uttar Pradesh. IKEA, which is planning to set-up a large format store in Noida, has signed a memorandum of understanding (MoU) with the Uttar Pradesh government for opening stores in the state. The investment would create over 8,000 direct and indirect job opportunities…

IKEA gets approval from FIPB on $ 2 Billion investment proposal for India

  IKEA has taken another key step towards establishing itself in India. Foreign Investment Promotion Board (FIPB) has, approved the company’s investment proposal to establish single-brand retail stores in India. FIPB has forwarded the proposal to the Cabinet Committee on Economic Affairs (CCEA) for consideration and final approval. IKEA, is the leading Swedish furniture maker,…