Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country.
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
Juvencio Maeztu, executive officer of Ikea’s Indian arm met Amitabh Kant, secretary, department of industrial policy and promotion, and other officials of the commerce ministry and shared plans to increase sourcing from India.
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
Talking to reporters after the meeting, Maeztu said: “We have shared our plans to make more (in India) and we are now in contact to increase our supplier base.”
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
The Swedish company was the first major single brand retailer to get FDI approval from the Indian Government, and had announced a new ‘Make More in India’ initiative in December 2014.
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
The initiative aims at inviting potential partners and to expand Ikea’s supplier base in India. It also aims at increasing the categories of home furnishing products sourced in India.
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
Ikea currently has around 50 suppliers in India and it sources around €315 million worth of goods annually, and it plans to double this amount by 2020.
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
The company has also announced plans to invest Rs 12,500 crore in India over the next decade to set up 25 stores starting with cities like Delhi, Mumbai, Bengaluru and Hyderabad. (RKS)
Home furnishings company Ikea is planning to increase its sourcing from India and expanding its supplier base in the country. Juvencio Maeztu, #
Fibre2fashion News Desk - India