IKEA to infuse Rs 3,000 crore in Karnataka

23 Jun 2022 CW Team

Susanne Pulverer, Chief Executive Officer and Chief Sustainability Officer at IKEA India told the media that the company has committed to a long-term investment of Rs 3,000 crore in Karnataka. The Bengaluru unit is spread over 12.2 acres with 4,60,000 sq ft of commercial space, making it the biggest IKEA store in India.

Home accessories and furniture giant IKEA will officially open doors from 10 am on Wednesday. The Nagasandra Store is IKEA’s fourth store in the country.

She said that IKEA has engaged 1,000 co-workers with 72% local workers and plans to employ more people from the local neighbourhood. The company believes in empowering women.

Anje Heim, Market Manager, IKEA Nagasandra, said that IKEA strives to present home furnishing solutions that match the dreams of many for a better daily life.

IKEA said that 27% of products in Karnataka stores are locally sourced.

IKEA operates with five suppliers in Karnataka. One of them is an IKEA social entrepreneur, Industry, based out of Karnataka, who is operating with nearly 1,000 local artisans – making sofas, upholstery, furniture, plastic, armchairs, and metal articles, an IKEA spokesperson said.

Heim said the company has witnessed that a lot of importance is given to outer space because the firm has noticed many people having balconies here. Many of our clients in the city are those who go shopping with families. Hence, the company working on items that will supply storage solutions offers ideas about storage solutions, but also the changing storage space way if you have toddlers, school kids, or slightly elderly children.

Image Source

Also read: These decorative items will help you create the ideal home interior

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..