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Ingka Centre to infuse Rs 7,245 cr to open city centres

Wednesday, 17 Aug 2022
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Ingka Centres, a part of Ikea's retail operator Ingka Group, will make an investment of EUR 900 million (nearly Rs 7,245 crore) in India. 
 
The company will invest to set up two centres for business, meetings and shopping over the next few years. 
 
The company has started construction work of its first Ingka Centre with an investment of EUR 400 milion. It plans to set up a similar centre at Noida. 
 
The Gurugram centre is slated to open in late 2025. However, it is yet to finalise a timeline for the opening of the Noida site as it is in the process of getting approvals. 
 
The centre will have other retailers, office space and also facilities for food and beverages. 
 
The total building area of Gurugram centre will be around 17 lakh sq ft spread over nine floors, and help generate around 2,500 jobs.
 
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