ingka centres part of ikeas retail operator ingka group on tuesday said it will invest 900 million euros nearly rs 7245 crore in india to set up two centres for business meetings and shopping over the next few years according to a top company official ingka group which also includes ikea retail and ingka investments on tuesday started construction work of its first ingka centre with an investment of 400 milion euros it plans to set up a similar centre at noida too while the gurugram centre is slated to open in late 2025 it has yet to finalise a timeline for the opening of the noida site as it is in the process of getting approvals advt we have a plan to invest 400 million euros here at gurugram we have another project that we are planning to bring in to noida the investment plan in these new projects is 900 million euros ingka centres global expansion development director jan kristensson told pti when asked about the timeline for the opening of the noida centre he said we need to look at the final plans that need to be approved and based on that we will make a schedule for when we can open but it will be later than 202526 through ingka centres he said the company tries to cater to the needs of the local community the centre will have other retailers office space and also facilities for food and beverages asked if the company planned to open more ingka centres in cities such as bengaluru and mumbai he said the company is open to the idea but it is not on the immediate plans for the company currently ingka group is operating 45 ingka centres globally the total building area of the gurugram centre will be around 17 lakh square feet spread over nine floors and help generate around 2500 jobs the company said in a statement planned to open in late 2025 gurugrambased ingka centre would also have an ikea retail store the company expects an annual footfall of 2 crore it added ingka group operates ikeas retail business in 32 markets and represents about 90 per cent sales it has three business areas ikea retail ingka investments and ingka centres advt together with ingka centres we will become a strong contributor to increase the overall home furnishing market and bring a unique retail experience for the many people ikea india ceo susanne pulverer said ikea india presently operates five stores in the country it has three big format stores at hyderabad navi mumbai and bengaluru besides it also operates two city centre stores in mumbai pti published on aug 16 2022 at 0515 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting