Key facts
- IKEA is establishing a new firm in India.
- The new firm will focus on developing affordable, local products.
- India has been a significant sourcing market for IKEA for over 40 years.
IKEA, the global furniture retailer, is establishing a new firm in India. This new entity will focus on supporting the creation of affordable and locally relevant products tailored for the Indian market. The move underscores IKEA's long-standing relationship with India, which has served as a significant sourcing market for the company for over four decades.