IKEA retailer plans 25 new India outlets over five years

Group 1: Expansion Plans - Ingka Group plans to expand its physical presence in India by opening 25 small and medium-sized outlets over the next five years [1] - The company is also progressing with large-format stores being built on the outskirts of New Delhi, with Gurugram expected to open first, followed by Noida [1] Group 2: Market Importance - India is identified as one of Ingka Group's most important markets globally, with a greater focus on growth in the region [2] - The Indian home furnishing market is projected to grow by 50% in value by 2030, and Ingka Group aims to play a significant role in this growth [3] Group 3: Investment and Digital Access - Ingka Group has invested over €900 million ($1.03 billion) in the Indian market to date, as part of a broader €5 billion investment program over three years [4][5] - The company is also expanding digital access to its services, recently extending online delivery in Tamil Nadu to reach an estimated ten million potential customers [5]