亚博体育官网首页

IKEA to infuse Rs 3,000 crore in Karnataka
Real Estate

IKEA to infuse Rs 3,000 crore in Karnataka

Susanne Pulverer, Chief Executive Officer and Chief Sustainability Officer at IKEA India told the media that the company has committed to a long-term investment of Rs 3,000 crore in Karnataka. The Bengaluru unit is spread over 12.2 acres with 4,60,000 sq ft of commercial space, making it the biggest IKEA store in India.

亚博体育官网首页 accessories and furniture giant IKEA will officially open doors from 10 am on Wednesday. The Nagasandra Store is IKEA鈥檚 fourth store in the country.

She said that IKEA has engaged 1,000 co-workers with 72% local workers and plans to employ more people from the local neighbourhood. The company believes in empowering women.

Anje Heim, Market Manager, IKEA Nagasandra, said that IKEA strives to present home furnishing solutions that match the dreams of many for a better daily life.

IKEA said that 27% of products in Karnataka stores are locally sourced.

IKEA operates with five suppliers in Karnataka. One of them is an IKEA social entrepreneur, Industry, based out of Karnataka, who is operating with nearly 1,000 local artisans 鈥� making sofas, upholstery, furniture, plastic, armchairs, and metal articles, an IKEA spokesperson said.

Heim said the company has witnessed that a lot of importance is given to outer space because the firm has noticed many people having balconies here. Many of our clients in the city are those who go shopping with families. Hence, the company working on items that will supply storage solutions offers ideas about storage solutions, but also the changing storage space way if you have toddlers, school kids, or slightly elderly children.


Also read: These decorative items will help you create the ideal home interior

Susanne Pulverer, Chief Executive Officer and Chief Sustainability Officer at IKEA India told the media that the company has committed to a long-term investment of Rs 3,000 crore in Karnataka. The Bengaluru unit is spread over 12.2 acres with 4,60,000 sq ft of commercial space, making it the biggest IKEA store in India. 亚博体育官网首页 accessories and furniture giant IKEA will officially open doors from 10 am on Wednesday. The Nagasandra Store is IKEA鈥檚 fourth store in the country. She said that IKEA has engaged 1,000 co-workers with 72% local workers and plans to employ more people from the local neighbourhood. The company believes in empowering women. Anje Heim, Market Manager, IKEA Nagasandra, said that IKEA strives to present home furnishing solutions that match the dreams of many for a better daily life. IKEA said that 27% of products in Karnataka stores are locally sourced. IKEA operates with five suppliers in Karnataka. One of them is an IKEA social entrepreneur, Industry, based out of Karnataka, who is operating with nearly 1,000 local artisans 鈥� making sofas, upholstery, furniture, plastic, armchairs, and metal articles, an IKEA spokesperson said. Heim said the company has witnessed that a lot of importance is given to outer space because the firm has noticed many people having balconies here. Many of our clients in the city are those who go shopping with families. Hence, the company working on items that will supply storage solutions offers ideas about storage solutions, but also the changing storage space way if you have toddlers, school kids, or slightly elderly children. Image Source Also read: These decorative items will help you create the ideal home interior

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement