Ingka Centre to open city centres at Gurugram & Noida

Ingka Centres, a subsidiary of Ikea's retail operator Ingka Group, has announced plans to invest 900 million euros (roughly Rs 72.45 billion) in India over the next few years to establish two centres for business, meeting, and shopping. According to reports, Ingka Group (which also includes IKEA Retail and Ingka Investments) began construction on its first centre recently with a 400 million euro investment. It also intends to open a similar facility in Noida. While the Gurugram centre is scheduled to open in late 2025, a timeline for the Noida location has yet to be finalised because it is awaiting approvals. Also read: IKEA to infuse Rs 3,000 crore in KarnatakaShapoorji Pallonji launches luxury residential project in Thane