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

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..