Ikea to launch its first mall in India

22 Feb 2021 Editorial Team

Swedish furniture giant Ikea has been handed over a land parcel by the Noida Authority measuring nearly 50,000 sq m in Noida's Sector 51, where the business conglomerate is set to start its first retail outlet in Uttar Pradesh and its first shopping centre in India.

The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from Ikea for the commercial land.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Noida Authority CEO Ritu Maheshwari said the authority received Rs 850 crore against the land, and the company is expected to invest Rs 5,000 crore in Noida in seven years.

Ingka Centres, which has 45 Ikea malls across Russia, Europe, and China, said it plans to invest nearly Rs 5,491 crore in the Noida project.

Ingka Centres, owned by Ingka Group, which also owns most Ikea stores worldwide, plans to enter around 45 large cities across its existing markets and the United States in the coming years.

Image: Ikea was first launched in India in 2018, in Hyderabad, and it has made a revenue of more than Rs 400 crore.

Also read: IKEA to invest Rs 60 bn in Maharashtra

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..