Ikea to double local sourcing by 2020,open store in NaviMumbai

Ikea is sharpening India focus as it plans to double sourcing from the Indian market to 600 million euro by 2020 and will start work on its second store in the country in Navi Mumbai next month.

The global home furnishing giant from Sweden sources products worth 318 million euro from India.

"Ikea works on the principle of optimal sourcing for our global markets. Where it makes sense, we will source locally as well. We currently source products worth 318 million euro from India and will almost double this by 2020 to around 600 million euro," Henrik Gunnerling, purchase development manager, Ikea range and supply, told

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