Ingka Group to invest 900 million euros in India to open city centres at Gurugram and Noida

Ingka Centres, part of Ikea’s retail operator Ingka Group, on Tuesday said it will invest 900 million euros (nearly Rs 7,245 crore) in India to set up two centres for business, meetings and shopping over the next few years.

According to a top company official, Ingka Group (which also includes IKEA Retail and Ingka Investments) on Tuesday started construction work of its first ‘Ingka Centre’ with an investment of 400 milion euros. It plans to set up a similar centre at Noida too.