IKEA to infuse Rs 3,000 crore in Karnataka
Real Estate

IKEA to infuse Rs 3,000 crore in Karnataka

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

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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code