IKEA to Invest ₹11,000 Crore in India to Expand Stores and Boost Local Sourcing

IKEA has unveiled an ambitious expansion strategy for India, announcing plans to invest nearly ₹11,000 crore by 2030 as it accelerates store expansion, strengthens local sourcing, and builds a more resilient supply chain across the country.

The investment will support the rollout of new large-format stores, smaller city stores, planning studios, and enhanced digital capabilities, allowing IKEA to reach more customers through an omnichannel retail model. The company also plans to invest in additional distribution centres and sustainable logistics infrastructure, including electric delivery vehicles, to improve operational efficiency and customer experience.

A key pillar of IKEA’s India strategy is increasing local sourcing. The company aims to source 50% of its products from India by 2030, expanding beyond textiles into furniture, plastics, and metal-based products. This initiative is expected to strengthen India’s manufacturing ecosystem, support local suppliers, and improve affordability for consumers while positioning the country as an important global sourcing hub for IKEA.

India has emerged as one of IKEA’s priority growth markets, and the company continues to invest heavily in expanding its physical and digital presence. The latest investment underscores IKEA’s long-term confidence in India’s retail sector, rising consumer demand, and manufacturing capabilities.

With its ₹11,000 crore investment plan, IKEA aims to accelerate business growth, generate employment opportunities, strengthen local partnerships, and further integrate India into its global supply chain while bringing its home furnishing solutions closer to millions of Indian customers.