IKEA has signed a deal with the Uttar Pradesh government to set up an outlet in Noida. This outlet is estimated to provide employment to around 8000 people.
IKEA officials are looking to develop retail and commercial parks that would include shopping centers, offices and integrated commercial projects in the state. The Noida store will be the beginning of IKEA’s expansion in India followed by cities like Lucknow and Agra and states like Maharashtra, Telangana, and Karnataka.
The first IKEA store in India opened in Hyderabad earlier this year. The company also has plans to launch multiple stores across metro cities. By 2030 IKEA plans to have its presence across 49 Indian cities.