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

03 Nov 2025

Vice-President Backs Global Unity at IN-STEP 2025

Vice-President of India, Shri C. P. Radhakrishnan, addressed delegates at the 3rd edition of the International Strategic Engagement Programme (IN-STEP) held at the Vice-President’s Enclave in New Delhi. IN-STEP serves as a key dialogue platform for senior national security officers from India and friendly foreign nations. The current edition hosts 44 delegates, including 32 international participants representing 24 Global South countries. Commending the joint efforts of the National Defence College, National Security Council Secretariat, Ministry of External Affairs, and Ministry of Defen..

India to Host Global Maritime Events in Visakhapatnam

India will host three major international maritime events in February 2026 at Visakhapatnam — the International Fleet Review (IFR) 2026, Exercise MILAN 2026, and the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs. Scheduled from 15 to 25 February 2026, this marks the first time India will conduct all three significant maritime gatherings simultaneously. The events embody Prime Minister Shri Narendra Modi’s MAHASAGAR vision — Mutual and Holistic Advancement for Security and Growth Across Regions — announced in 2025. The MAHASAGAR framework extends India’s SAGAR (Security and ..

Heavy Industries Ministry Frees 4.4 Million Sq Ft Under SCDPM 5.0

Inspired by the Prime Minister’s vision to institutionalise Swachhata and clear long-pending matters, the Ministry of Heavy Industries (MHI), along with its Central Public Sector Enterprises (CPSEs) and Autonomous Bodies (ABs), actively participated in the fifth consecutive year of the Special Campaign for Disposal of Pending Matters (SCDPM) 5.0, held from 2 to 31 October 2025. Throughout the campaign, MHI worked closely with the Department of Administrative Reforms and Public Grievances, reporting daily progress on a dedicated monitoring portal. Shri Bhupathi Raju Srinivasa Varma, Minister..